Chapter 274
Chapter 274
The entire United States was in shock, and investigations were conducted simultaneously by NASA, Boeing, and Lockheed Martin related to the military industry.
The Occupational Safety and Security Administration (BIS) under the U.S. Department of Commerce immediately stopped all sales of smartphones, telecommunication equipment, and electronic products such as Weihua, TZE, Ovo, and Bipo.
The shelves for Chinese products in US offline stores have disappeared altogether, and the sales page has been removed from online shopping malls.
The CIA started a search and seizure of the super nano distribution network in the United States, and also sent a letter of cooperation to the Chinese side.
Super Nano said that the chip was not inserted by them and it was unclear what role the chip played, but no one believed it.
Other countries using super nano servers are also checking in at once, and the Chinese company’s spy chip controversy has spread to an international issue.
The Korean government also launched an investigation into the Financial Supervisory Service and exchanges that use super nano servers.
Leaking information is also a problem, but it is a serious problem that can paralyze the financial transaction network if it receives even a cyber attack.
The US media continued to report on China’s patent infringement and technology theft problems.
American netizens were outraged.
-Have the Chinese been stealing our information all this time?
-Then is it true that Zhou Cha copied Karos’s technique?
– What did you not copy?
-China looks down on the US.
-Do not use Chinese products!
– You can’t do it this way. China should be regulated.
– What did all the politicians do up to this point?
– The only thing you can trust is President Ronald!
– I support President Ronald!
Ronald threatened China.
“China has been stealing our information and technology so that they can ship its own ships. How long do we have to endure? You don’t have to buy anything from a country that fools America. We will thoroughly investigate this matter, hold you accountable and collect compensation! If China does not cooperate, Chinese products will not even be able to set foot in the United States!”
Republicans and Democrats agreed on this issue.
China completely denies the results of the US investigation and says it will not cooperate with the investigation. In fact, the US proposal was not acceptable to China.
If they are investigated, US law enforcement agencies will look into the core technologies of Chinese companies. This alone is difficult, and if it is revealed that the Chinese government is behind the technology hijacking, it will be condemned by the international community.
Li Suwei, director of commerce, spoke to the press.
“The Chinese government and companies have never infringed on the intellectual property rights of companies in other countries. There was no problem in the super nano production process, and the authorities are also investigating how the spy chip was inserted. Imposing tariffs on Chinese products based on unconfirmed facts is a clear violation of WTO rules. If the US does this, China will have no choice but to counterattack to defend its core national interests.”
China has expressed a strong stance against the US pressure, but under the hood, it has made every effort to compromise.
As evidence of that, it was suddenly considered to increase imports of US shale gas and agricultural and livestock products.
Experts also predicted that the trade war would be compromised at an appropriate level rather than going to an extreme situation as both countries would suffer damage.
However, this is because I do not know a man named Ronald Stamper.
[(Breaking News) U.S. Imposes 25% Additional Tariff on 900 Items of $50 Billion Imports!][(Emergency) US-China trade war begins!][What is China’s response?][Will China cooperate with the US investigation?][Is protectionism intensifying in the global economy?]* * *
The whole world was surprised when what was supposed to happen became a reality.
China hastily counterattacked. The same tariffs were imposed on $50 billion of U.S. imports.
“If the US imposes tariffs, we have no choice but to impose tariffs. This is for China’s survival.”
Ronald snorted.
“Instead of admitting it was wrong, China is blaming the United States. Now, China will pay the price for disrespecting the United States.”
Two days after China imposed tariffs, Ronald imposed additional tariffs on an additional $200 billion of Chinese imports.
“This is not the end, it is just a preview. If China does not continue to comply with the investigation, we will impose tariffs on the remaining $250 billion.”
It was about imposing tariffs on virtually all Chinese products. It even announced that it would increase the amount of additional tariffs to 50 percent.
If this happens, Chinese products lose their price competitiveness.
Of course, the United States was not without damage. As the price of Chinese manufactured goods soars due to tariffs, the price inevitably rises.
But Ronald had an attitude that it didn’t matter. As the economy enters a boom and workers’ incomes increase, a slight increase in prices can be afforded.
“The Chinese government will defend the national interest!”
China, like the United States, has begun to impose additional tariffs, with soybeans and corn being the main targets.
Together with the Rust Belt, the plan is to directly attack the Farm Belt, which is classified as Ronald’s core support group.
Ronald canceled other plans and flew straight to North Dakota. More than half of the soybean production here is exported to China.
“China is attacking American farms by means of vile means. Because I know very well that you guys support me. But nothing to worry about. Just a little bit of patience, and we will win.”
It also provided $15 billion in emergency aid to help the farmers.
The damage to the American farmers has once again led to the damage of the Chinese commoners.
Soybeans and corn are used as feed for livestock and as raw materials for soybean oil. As soybean prices soared due to tariffs, pork prices and soybean oil prices rose.
Pork and soybean oil are essential in Chinese cuisine. However, as imports of U.S. goods declined and prices rose, food prices in China soared.
* * *
As the two great powers opened their guns and fired shells, other countries and companies were terrified that sparks might come out.
Concerning other countries’ concerns, Ronald was blunt.
“The only target of the US trade war is China!”
He also said he would increase imports from Asia and Europe. As a result, all other countries were in an atmosphere of watching the situation with their backs.
As the whole world is tied to one economic bloc, the trade war will be a loss for everyone. However, it was obvious which of the two would do more damage.
Most experts analyzed that the damage would be much greater in China than in the United States.
This is because China’s exports to the US are more than twice that of US exports to China. In addition, the US has begun to impose full-scale sanctions on Chinese high-tech industries as well as imposition of tariffs.
Ban on export of production equipment, restriction on technology transfer, refusal to approve mergers and acquisitions, etc.
As a result, all of China’s current semiconductor investment plans were put on hold, and US startups such as Weihua, TZE, and Zhaomi were all halted.
Li Suwei, the Commerce Department’s chief, was outraged.
“Are you saying that China shouldn’t even develop technology? So, should poor countries be poor for the rest of their lives?”
President Zhang Pinghua appealed to the international community.
“The world has enjoyed peace and prosperity in free trade. Trade wars only cause damage and scars to each other. It must be stopped immediately.”
If you think about it, it’s a funny situation.
Originally, the United States has emphasized free trade by promoting neoliberalism and globalization, while China has grown through protectionism.
Now, however, they have changed their positions and are arguing against each other.
Most of the international community was absurd, arguing that China was in a position to say such a thing. Isn’t China the only country that draws out a card of trade retaliation whenever a political or military problem arises?
In the wake of the dispute with Japan on the Senkaku Islands, it banned the export of rare earth elements, reduced the imports of Norwegian salmon in protest against the Nobel Prize for Chinese resistance, Liu Shaobo, and strengthened the quarantine of Filipino bananas and fruits after a dispute with the Philippines. did.
There was even a study that found that when a country’s leader met the Dalai Lama, the country’s exports to the public would decrease.
It was such a rude and disrespectful way that it could hardly be considered a great country. From the perspective of the affected countries, there was no way they should have used their hands.
But now that they face trade retaliation, they suddenly act like the defenders of free trade!
Countries that have been subjected to trade retaliation in the meantime, especially South Korea, which had been beaten up until just before, responded that it was absurd.
-No, when was the time when you were playing Korea, and when you were beaten by the US, what kind of victim cosplay are you suddenly?
– The continent’s inner fire?
-By the way, what kind of nonsense is Li Suwei? It’s not that you shouldn’t develop technology, it’s that you stop copying. If we don’t copy, can we not develop technology?
– No matter how much China is beaten by the Heavenly Father, there is no answer.
– Fighting Ronald! You are doing very well.
– China is in turmoil right now. Inflation soars, and the yuan depreciates. Is the real estate bubble just about to burst?
– Humanly, let’s not use Chinese products. That’s why I don’t use Chinese smartphones, no matter how cheap they are, I use yen phones.
-Huh. That’s made in China. Don’t you know that Enphone is made in China’s factory?
– Stop exporting fine dust, you bastards.
– ㅋㅋ But when you think about it, isn’t it the beginning of Kang Jin-hoo?
– The entire country is being robbed by stealing Karos technology.
-The little ball that Jinhoo Kang launched hahaha
-After the earthquake in China, I was completely blown away.
-If I was Jang Ping Hua, I would have wanted to kill him after the gangjin ^^
-Why are you touching Jinhoo Kang?
-Ah! It’s interesting Honey jam.
When asked by reporters how long the trade war will last, Ronald replied:(Read more @ wuxiax.com)
“There is a very easy way to end this game. It is only for China to accept the demands of the United States. But why doesn’t China do that easy thing? why?”
The trade war between the two hegemons was defined by one word: ‘game’. And Ronald is a matchmaker who has never lost a game.
* * *
As the trade war intensified, Chairman Im Jin-yong flew to the United States.
He said it was fun.
“You ate a good one. How the hell did you find it?”
“I was lucky. Rather, how is the situation of Seoseong Electronics?”
“For now, China’s retaliatory measures have stopped.”
Although there was no separate announcement, China secretly lifted sanctions on Suseong Electronics and Eunsung Motors.
It must have been difficult to continue to impose sanctions on companies in certain countries in a situation where they were pushed back from the conflict with the United States and appealed to the international community to stop trade retaliation.
Seosung Electronics was competing with N-Phone in the premium phone market thanks to the recognition it had raised at the time of Big One. However, in the mid-to-low priced phones, the overall market share was declining as it was pushed by Chinese companies.
However, due to this incident, Chinese smartphone sales were suspended or subject to a boycott, and they enjoyed a comparatively positive return.
On the other hand, Chinese IT companies have been subject to global sanctions.
In the United States, almost all products such as smartphones, TVs, laptops, and computers were suspended, and European countries also restricted the sale of Chinese electronic equipment until the results of an investigation into spy chips were released.
Taegyu said.
“But in the midst of this, why is CL Telecom planning to introduce Weihua’s telecommunication equipment as planned?”
“Well, I guess I said it was cheap.”
For reference, Weihua is an IT company founded by Jin Zilong, a former officer of the People’s Liberation Army, and has grown rapidly in the field of wireless communication equipment with strong support from the Chinese government. After that, it also jumped into smartphone manufacturing, and now ranks second in global market share after Suseong Electronics.
However, Weihua has caused problems with backdoors and patent infringement several times in the meantime. Isn’t it pre-loaded with apps that can extract information on smartphones, accessing competitor servers to steal data, or providing hacking tools to the People’s Liberation Army cyber units?
Moreover, it is not being listed as the largest IT company in China (there is no plan to list it after that), and the stake relationship cannot be confirmed. In fact, it was everyone’s judgment that it was a Chinese state-owned company.
In any case, in a situation where most countries are blocking Weihua’s introduction of telecommunication equipment, only CL Telecom has decided to proceed with the introduction as scheduled.
Taek-gyu crossed his arms and muttered.
“Should this be called a backdoor rolling?”
Chairman Im Jin-yong said with a smirk.
“Korea is an export-oriented country, and China and the US are the first and second largest trading partners, respectively. As the saying goes, if the trade dispute goes on for a long time, it will not do much good for Korea.”
I nodded.
“No worries. It will be over soon.”
