The U.S.-China Rivalry Is Broadening From Trade to Everything
- Worsening tensions add to threats to world growth outlook
- Deepening differences over technology, Hong Kong, human rights
This week alone, President Donald Trump said he is considering banning ByteDance Ltd.’s short video app TikTok as retaliation against China over its handling of the coronavirus.
Photographer: Roy Liu/BloombergThis article is for subscribers only.
The U.S.-China rivalry is shifting into new and unpredictable areas, engulfing everything from a popular video app to Hong Kong’s status as a global financial hub.
The latest tensions are overshadowing a trade agreement in January that was meant to draw a line under the trade war and be a boon for business. Instead, differences between both powers are deepening right at a time when the world economy is facing its worst crisis since the Great Depression.