Huawei and other Chinese tech companies will be subject to tough restrictions from the United States irrespective of any future trade deal, an economist told CNBC Tuesday.
According to Wang, the national security argument makes it more difficult for the U.S. to change its position on Chinese tech.
" and that "phase two will start almost immediately" after the first part is signed. According to the U.S. president, the first part of the deal is about "60%" of the full agreement. For now, there is no scheduled date nor place for the first signing between China and the U.S.According to UBS, China is set to grow at a pace of 5.7% in 2020, after the U.S. administration decided in October not to implement more tariff increases on Chinese goods.
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