Hopes of Sino-US trade deal simmer after US ban on Chinese AI firms


by   |  VIEW 115
Hopes of Sino-US trade deal simmer after US ban on Chinese AI firms

On Tuesday, the 8th of October 2019, Beijing reacted sadistically after US President Donald Trump alongside his Administration had decided to add more than 20 Chinese AI start-ups and state intelligences into its trade blacklist, a crippling move for some of the Artificial Intelligence start-ups which sapped hopes of progress ahead of a high-level trade talk between Chinese Vice Premiere Liu He and USTR Robert Lighthizer alongside US Treasury’s Steven Mnuchin, scheduled to take place as early as by Thursday (October 10th).

More critically, the decision came forth amid a timeframe when a deputy-level trade talk between Washington and Beijing had been under way in the office of USTR, which was expected to lay off the groundworkers of a Minister-level trade-talk later this week.

Aside from that, following US Government’s latest decision to blacklist more than 20 Chinese AI start-ups alongside state intelligences after yesterday’s (October 7th) sweeping ban on 28 Chinese firms, states alongside Chinese surveillance tech provider, Hikvision, a South China Morning Post report published earlier on Tuesday (October 8th) had poured cold waters over hopes a decipherable trade deal in a near-term outlook, as the Chinese Newspaper’s report said that the 30-member deputy-level team of Chinese delegates including China’s Vice Commerce Minister would likely to leave Washington earlier than slated adding “there’s not too much optimism.. ”