HONG KONG (CNN Business) — The United States’ trade war with China is far from over, according to Janet Yellen, who is warning that unresolved tensions over technology could divide the world and slow the development of artificial intelligence and 5G.
The former chair of the Federal Reserve said Monday at the Asian Financial Forum that the “phase one” trade deal agreement struck by Washington and Beijing and due to be signed this week will leave tariffs on hundreds of billions of dollars of Chinese goods in place. And it doesn’t remove the “more troublesome” risk of conflict over emerging technologies, she warned.
Beijing and Washington will finalize the initial trade deal on Wednesday, according to President Donald Trump. China is sending its top trade negotiator to participate in the signing ceremony at the White House. Continue reading.