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New Cold War Between the US and China- Economy is at Risk

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Bitterness between Trump administration and the Chinese’s ruling communist party is worsening day by day, whether in technology, media, defense, diplomacy, trade, and in many other areas their relations are getting worse. It seems that the Cold War is started between these two countries.

New Cold War Between the US and China- Economy is at Risk
Image Credits- CNBC.com

The tension between China and the USA is at its peak. Though four decades ago, these both countries have normalized their diplomatic ratio. The latest example of this Normalization is, the ordering American government to close its Houston consulate.

According to reports, The president of US-China business council, Craig Allen was alarmed by the increasing tensions between these two countries. As these two superpowers together hold forty percent of the world economy, their rancor can make the world’s economy unstable.

The Chinese racism and the Coronavirus

As the Coronavirus or Covid-19 first emerged in China in the city Wuhan, the US administration blamed China for this cause. For this Chinese government has countered the American government by adding a statement that American soldiers can also be the cause of this virus because they visited Wuhan last year in October. The Chinese government stated this without any evidence.

Tension in trade

According to unknown sources Trump party placed some accusations that the Chinese government is exploiting the trade relationship between China and the USA by selling products more than it’s cost. And due to this a trade war was started between these two countries which lasted for two years.

Rancor in defense

According to secretary Mike Pompeo, the maximum Chinese government claims in the South China Sea are unlawful. And also described that China is the main security threat.

Relations in media and journalism

According to reports, for several years, the US had deliberated the decision of declaring Chinese media as foreign embassies but desisted partly due to concerns over the restriction of press freedoms.

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