In a Trade War, Not All Tactics Make Sense

摘要

The deterioration of U.S.-China relations continues apace. In the last month, the U.S. tightened rules to crack down on Huawei Technologies Co.'s semiconductor supply chain and added 33 Chinese companies to the U.S. Department of Commerce's Entity List, which restricts access to U.S. technology. President Trump doesn't want to give China Inc. access to U.S. money, either. The Senate passed a bill that could block Chinese companies from listing on U.S. stock exchanges, while the president demanded that the main federal government's pension fund not invest in Chinese stocks. While the trade restrictions make sense, the investment moves don't.