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Opinion: ZTE Ban Signals Escalation in China-U.S. Trade Tensions

Photo: VCG
Photo: VCG

* Latest sanctions on ZTE could signal turning point in Sino-U.S. trade war

* From a long-term perspective, there are worries that the two countries could fall into a Thucydides Trap, eventually leading to a major confrontation

 

Just as market concerns about a potential trade war eased on President Xi Jinping’s commitment to further open up the Chinese market in several areas, the U.S. Department of Commerce unexpectedly announced sanctions on ZTE Corp. on Monday.

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