U.S.-China tensions may get worse, says experts
Tensions between the largest economies in the world, the U.S. and China may get worse ahead of the American presidential election, which is supposed to take place November this year, experts told CNBC on Thursday.
The US and China have been battling with each other in a longstanding trade war and are now seems to be struggling over issues that revolve around the ongoing coronavirus pandemic.
As reported by CNBC, the president of the US, Donald Trump, has pointed his fingers at Beijing for a lack of transparency over the true extent of the Covid-19 outbreak in China, where the cases emerged for the first time. As a response to Trump’s statement, Beijing stated that the US could be the real source which caused the global pandemic.
While Donald Trump is campaigning for a second term in office, “the end game for the Trump administration is crystal clear — and that is winning the election,” Yale University senior fellow, Stephen Roach stated.
“This is not about improving economic security for Americans, American companies, no matter what they say. This is a politically motivated trade conflict,” added Roach, who is a former chairman at Morgan Stanley Asia.