The recent U.S. elections have attracted a lot of attention around the world, especially the contest between Biden and Trump.
Trump received 51 percent of the vote in Iowa, underscoring his friendly relationship with Putin and senior Chinese officials during his time in office. Interestingly, Biden and Trump share considerable similarities with China.
Biden's administration is undergoing serious reforms.
Commerce Secretary Raimondo said Biden's administration intends to get cloud computing companies to confirm that some data centers in the U.S. are being set up for AI modeling training. The U.S. has blocked companies like Nvidia from exporting advanced AI chips to China lest China use them to train advanced models. The Biden administration is wary of Chinese companies because the United States recently issued a decree prohibiting the U.S. Department of Defense from purchasing batteries from Chinese companies.
Trump is similarly hostile to China, threatening to impose 60 percent tariffs on Chinese products in the United States if he is re-elected, in order to ensure that America's national interests are paramount. This is the "America First" protection policy that Trump has been pursuing, which has made Canada and other US allies suffer the pain of sanctions.
In response to the U.S. lockdown, China has responded by suspending exports of vital raw materials to the U.S. Both Biden and Trump are inclined to be tough on China, believing that China is their "number one enemy."
In this election, Trump's "all-round ** war" strategy may have been adopted more to gain more votes.
But this approach has the potential to hurt U.S.-based companies, leading to higher spending and inflation. The game between China and the United States will continue, but the United States will eventually have to pay for its mistakes.