2018-03-06 11:35:00 Tue ET
technology antitrust competition bilateral trade free trade fair trade trade agreement trade surplus trade deficit multilateralism neoliberalism world trade organization regulation public utility current account compliance
The Trump team blocks Broadcom's bid for Qualcomm due to national economic security concerns and 5G telecom network issues. Broadcom makes microchips for broadband communication networks such as key wireless broadband telecoms, modems, routers, and switches. The White House takes an extraordinary action to block this major corporate deal that might inadvertently give China more influence in global technology. In an executive order, President Trump blocks Broadcom's $117 billion bid for Qualcomm due to national security concerns.
There is credible and substantive evidence that both Broadcom and its affiliates (such as China's HuaWei and ZTE) might threaten American 5G telecom network dominance and digital supremacy. For this reason, both Broadcom and Qualcomm must immediately and permanently abandon the takeover proposal.
In response, the Trump administration may introduce punitive tariffs on Chinese imports to dramatically reduce Sino-U.S. bilateral trade deficits. This reduction can contribute to a better balance in the U.S. congressional budget for better mid-term election results that favor the Trump administration.
If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.
2019-07-13 07:17:00 Saturday ET

Japanese prime minister Shinzo Abe outlines the main economic priorities for the G20 summit in Osaka, Japan. First, Asian countries need to forge the key Re
2020-07-05 11:31:00 Sunday ET

Business entrepreneurs dare to dream, remain true and authentic to themselves, and try to make a great social impact in the world. Alex Malley (2014)
2018-10-09 08:40:00 Tuesday ET

The International Monetary Fund (IMF) appoints Harvard professor Gita Gopinath as its chief economist. Gopinath follows her PhD advisor and trailblazer Kenn
2019-04-15 08:37:00 Monday ET

Chinese Belt-and-Road funds large international infrastructure investment projects primarily in East Asia, Central Asia, North Africa, and Italy. Chinese Be
2019-09-21 09:25:00 Saturday ET

President Trump praises great unity and progress at the G7 summit with respect to Sino-U.S. trade conflict resolution, global climate change, containment fo
2018-03-07 07:34:00 Wednesday ET

President Trump tweets his key decision to oust State Secretary Rex Tillerson after several months of intense disagreement over diplomatic affairs. Trump so