What a Potential Trade War Means for Silicon Valley

The transcript discusses the escalating trade conflict between the US and China, focusing on tariffs and their impact on technology sectors. It highlights the uncertainty faced by companies due to potential retaliations and the implications of the ZTE case. The discussion also covers President Trump's theory on trade wars and China's response, emphasizing the challenges in resolving the conflict due to differing national security perspectives.

What is the initial step in the escalating trade conflict between the US and China?

• Banning Chinese investments

• Imposing tariffs on goods

• Imposing visa restrictions

• Restricting technology exports

How does the US administration aim to impact Chinese technology companies?

• By increasing tariffs on consumer products

• By targeting technology components

• By restricting Chinese investments in the US

• By banning all Chinese imports

What is a major concern for foreign companies invested in China?

• High production costs

• Uncertainty in trade rules

• Lack of skilled labor

• Limited market access

What was the consequence of ZTE's violation of US sanctions law?

• It was forced to sell assets

• It was fined heavily

• It faced a potential shutdown

• It was banned from US markets

What is President Trump's theory regarding trade deficits?

• They make the US more vulnerable

• They are beneficial for the US economy

• They provide leverage over trading partners

• They have no impact on trade negotiations

How does China plan to respond to the trade conflict according to President Xi?

• By reducing exports to the US

• By indigenizing technology manufacturing

• By negotiating new trade deals

• By increasing imports from the US

What is a potential outcome of the clash of belief systems between the US and China?

• Improved trade relations

• Increased economic cooperation

• A quick resolution to disputes

• A prolonged trade conflict