During the Cold War, around half of the world ran on the technologies, machinery, and political ideologies developed by the Soviet Union. The other half—the free world—adopted those of the United States and its allies.
As trade war tensions between the United States and China escalate, could we be on the cusp of a new version of the cold war, one which is driven by technology and finance?
Since U.S. President Donald Trump has deemed Chinese telecommunications giant Huawei Technologies as a national security threat and barred it from purchasing key U.S. equipment, Beijing has engaged in an escalating tit-for-tat that could have lasting ramifications on the technology industry going forward.
And Huawei may just be the beginning. Several other Chinese companies are being considered to join the blacklist with Huawei.
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WNU Editor: And this tech war is going to get even more intense .... The tech cold war just got a lot more intense after Russia signed a deal to build 5G internet with Huawei (Business Insider).
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