The US has accused China of unfair trade practices, arguing that China's government subsidises to promote its exports, resulting in a substantial trade imbalance in China's favour.
National Security Concerns:
The US views China's technological advancement in several areas, such as artificial intelligence (AI) and 5G networks, as potential security threats. The concern is that China might use technology for military purposes.
Intellectual property theft:
The US alleges that China engages in widespread intellectual property theft, resulting in American companies and individuals losses worth billions of dollars.
Market Access Restrictions:
The United States contends that China restricts foreign businesses' access to its domestic market while pushing for equal access to the US market.
Differences in Political Systems:
The United States is a democratic country, while China is a one-party Communist state. These fundamental political differences affect their approaches to trade and technology.
Technology Transfer Demands:
The United States perceives China's requirements for technology transfer as coercive and detrimental to American firms' intellectual property rights.
Strategic Rivalry:
As China emerged as a global power, it began competing with the United States for influence and leadership. This rivalry extends geopolitical, trade, and technological spheres.