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Jakarta, CNBC Indonesia – The Phase I trade agreements between the United States and China do not seem to indicate that the trade war is over. COVID-19 caused the President of the United States, Donald Trump, to issue a series of criticisms and threats to China.
This time, in his Twitter series, Trump said that the U.S.-China trade deal he signed last January was not worth the damage caused by the COVID-19 pandemic. He even said that dealing with China is expensive.
“We just made a great trade deal, the ink (deal) is almost dry and the world (now) is plagued by a plague from China. 100 trade deals will not make a difference, and all innocent lives are lost,” he said in his Twitter account @realDonaldTrump. .
Although what Trump meant is not detailed, the former businessman and his administration did not seem to waste time with efforts to “overthrow” China. Starting with the investment, the vaccine theft accusations and also the status quo of the trade war.
Despite the fact that last week China released tariffs on 79 American products.
Stop investing in Chinese companies
Earlier this week, Trump and U.S. Labor Secretary Eugene Scalia called on the pension fund body, the Federal Retirement Investment Board (FRTIB), to halt investment plans in Chinese companies. The reason, this runs the risk of creating a threat to the national security of the United States.
Trump officials even gave warnings about sanctions the United States could impose on Chinese companies, especially in relation to the global spread of COVID-19. This also caused FRTIB to postpone investment plans of up to $ 4.5 billion in Chinese stocks.
Hack charges
Another pressure exerted by the United States on China is the accusation of piracy. The FBI, along with the Cybersecurity and Infrastructure Security Agency (CISA), said it was investigating cyber piracy in COVID-19 related studies in the country.
In a statement, the cyber actor named by the United States was affiliated with China. “The potential for information theft is jeopardizing the delivery of safe, effective and efficient treatment options,” said the FBI.
Sanctions on China
The Trump-affiliated United States Senate in the Republican Party is now initiating legitimacy to sanction China. The penalties range from asset freezing, travel ban and visa revocation, ban on investment in Chinese companies, and ban on listing Chinese companies on the Wall Street exchange.
It all happened on COVID-19. China will be investigated in connection with the outbreak.
If approved, this rule will require the President of the USA. USA Make a ‘certification’ for 60 days, addressed to the US Parliament. USA The certification contains responses to research on data provided by China.
The investigation will be carried out by the United States and allied countries. Including related UN organizations like WHO.
If passed, this law will also pressure China to close all traditional wet markets that could expose humans to disease. China was also asked to release all detained Hong Kong supporters for democracy. This was done in an effort to reduce the spread of the pandemic.
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