A report on Chinese manufacturing suggests Beijing's trade war with the Trump administration is causing economic damage.
A report Monday on Chinese manufacturing suggested that Beijing's trade war with the Trump administration is causing economic damage.
China showed no signs of budging over the Trump administration's demands. It issued a report over the weekend saying it would not back down on"major issues of principle." It said Beijing had kept its word through 11 rounds of trade negotiations and accused Washington of backtracking by introducing new tariffs and other conditions beyond what had been agreed to.
The IEEE, which stands for the Institute of Electrical and Electronics Engineers, made the announcement after the U.S. Department of Commerce clarified its stance on the issue. It came up after the U.S. put Huawei on an"Entity List," effectively barring U.S. firms from selling it technology. After the U.S. expanded its sanctions against Huawei, several leading U.S.-based global technology standards-setting groups announced restrictions on its participation in their activities.
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