It is no longer news that there is a lingering dispute between the United States and the Asian giant state of China. Over the last few months, the Chinese government has come out to react to the US imposition of tariffs on imports of Chinese goods and the US by imposing tariffs of more than US$100 billion on US goods entering China. Rick Perry, US Energy Secretary on Thursday said in a statement that “Washington would sharply curtail exports of civilian nuclear technology to Beijing over national security concerns.”
Stressing further in the statement according to AFP, “The United States cannot ignore the national security implications of China’s efforts to obtain nuclear technology outside of established processes of US-China civil nuclear cooperation,” Perry was quoted as saying.
This announcement came amidst the growth threatening trade dispute going on between the United States of America and China. It will be recalled that in September, the US President Donald Trump imposed tariffs on about US$200 billion of Chinese products with a threat that he will add to it if Beijing, the Chinese capital retaliate. Of course China retaliated by hitting back with nearly a US$100 billion of US products imports.
The new policy goes into effect immediately and that sets guideline for the review of all existing and future technology transfers into the Peoples’ Republic of China. But there is still a massive existing technology transfers which was approved before the turn of the year, January 1, 2018 and these are very unlikely to be altered, according to Reuters report with reference to the US officials. As it stands, there is a great concern about the development of nuclear technology meant to power the small reactors in the Southern China Sea, with the same concern for submarines and icebreakers. These concerns are valid given that this is in reality a threat to its success.
Reuters reported also that since 2017, the US National Security Council had led a review of China’s efforts to obtain nuclear material, equipment and advanced technology from various US companies, government officials made this known in a conference call with reporters on Thursday. It is reported that the review was prompted by China’s accelerated efforts to gather and access US intellectual property which will be to the detriment of the United States businesses and their military interests in the long run.
The trade situation between this two super powers has deteriorated more than it was when the US President, Donald Trump announced the tariffs on Chinese products. China’s response, especially in the last round of tariffs imposition witnessed in September further put the situation in a dark path. The end of this situation seems really far from sight.