🚨LATEST: US-China Trade Tensions Raise Alarm in Markets Again
⚠️ A new escalation between the United States and China revives fears of a trade war that could directly affect global financial markets, including stocks, technology, and cryptocurrencies.
📍 What's Going On?
🇨🇳 China has expressed its official annoyance following a new US move to tighten export controls on Huawei's Ascend chips.
📅 The warning was issued on May 13, within the framework of a 90-day trade truce, which many interpret as a direct provocation.
🗣️ "The US undermines the consensus reached at the Geneva talks," said China's Ministry of Commerce.
💻 What are Ascend chips and why do they matter so much?
▪️ These are specialized artificial intelligence chips developed by Huawei.
▪️ They compete directly with chips from Nvidia and other US firms.
▪️ The US move seeks to limit China's global technological influence, especially in key sectors such as AI, defense, and automation.
📉 How does this affect the markets?
🔻 Greater geopolitical tension = greater volatility.
🔻 Sectors such as technology, semiconductors, and crypto react strongly to news like this.
🔻 If tensions escalate, we could see an outflow of capital to safe haven assets such as bonds or even Bitcoin.
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