WASHINGTON, DC - MARCH 29: Director of the National Trade Council Peter Navarro looks on as President Donald Trump meets with supply chain distributors in reference to the COVID-19 coronavirus pandemic, in the Cabinet Room in the West Wing at the White House on Sunday, March 29, 2020.   Pete Marovich-Pool/Getty Images/AFP

US president unleashes late-term strike on Chinese tech flagship companies

Monitoring Desk

Facing imminent electoral defeat, the Donald Trump administration in Washington has embarked upon a scorched-earth retreat – leaving trade-war devastation in its wake across the Pacific.

Reports from the US overnight state that Ant Group – about to press the button on what may just be the biggest IPO in history – is now in the administration’s gunsights. 

And that follows reports that State Department officials have been touring Europe, urging allies to sever all connections to cloud services offered by Chinese tech flagship Huawei, the administration’s public enemy number one.

It’s a last-minute offensive by the late-term Trump administration. It smacks of both political desperation and economic nihilism.

Courtesy: Asia Times

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