I would rather have the trade war go on, then see Trump retreat in any way. That is Steve Moore, the Chief Economist of the Heritage Foundation. In the wake of the Fed’s lowering interest rate, Trump’s new tariffs on China, RMB falling to a historic low and the U.S. designation of China as a currency manipulator, we need to make sense of the whole sequence of events. How are they interrelated and why did they happen? What’s next for the U.S. – China trade war, how is it going to affect the 2020 election, your investment portfolio, your job security and more. I am Simone Gao and you are watching Zooming In.
Two months ago, when Zooming In did a story on Huawei and global 5G deployment, Huawei was poised to take control of much of the world’s cyber domain. We talked about the national security implications of that prospect. And we observed the U.S. efforts to raise awareness of that risk. Two months later, when we did another story on this topic, we realized the world knows Huawei a lot better through these efforts, but Huawei’s momentum has not stopped. In fact, Huawei and China are playing a grander game. They have a brilliant strategy that is working well with the very nature of a crony capitalism. Can this battle still be won by the free world? And what does it take to win? Let’s find out in this edition of Zooming In.