The US-China trade war has another casualty: the CES consumer electronics trade show in Las Vegas, says business analyst Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order to the South China Morning Post.
The South China Morning Post:
It still marks a significant reversal for an event which has jokingly been referred to as the Chinese Electronics Show in recent years as big names such as Huawei Technologies and fleets of component suppliers from the Pearl River Delta region have flocked to the casino town to show off their latest wares.
“Chinese companies are concerned about tariffs from the trade war,” said Shaun Rein, managing director of Shanghai-based China Market Research Group. “Attending a show like CES is expensive, and with [US President] Trump’s rhetoric towards Chinese technology, companies in China are rethinking their strategy of investing in the US.”…
“Trump’s trade war makes it impossible for Chinese companies to be treated fairly and invest properly, especially in the tech sector so [many] do not want to go,” said CMRG’s Rein. “And because of the Meng situation, [many] Chinese are also afraid of travelling to the US in case they get arrested.”
Are you looking for more experts on the US-China trade war? Do check out this list.