U.S. could cut ties with China over pandemic 

#GS2 #Governance 

Washington imposes additional punitive measures against Huawei 

  • U.S. President threatened to cut ties with China over its role in the spread of the coronavirus, as the global death toll from the disease topped 3,00,000. 
  • It would restrict the ability of Chinese telecoms giant Huawei, which it considers a national security risk, to develop semiconductors abroad with U.S. technology.  
  • The narrowly and strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology. 
  • Huawei has been under relentless pressure from the Washington, which has lobbied allies worldwide to avoid the company’s telecom gear over security concerns.  
  • Washington last year said it would blacklist Huawei from the U.S. market and from buying crucial American components, though it has extended a series of reprieves to allow U.S. businesses that work with Huawei time to adjust.  

Refugees at risk 

  • Despite fears of a second wave of infections, national and local governments around the world are easing lockdown orders as they try to get stalled economies moving again.  
  • The nexus of poverty and risk was highlighted by the discovery of cases in the world’s biggest refugee camp, where upwards of a million Rohingya live in squalor.  
  • In the U.S., the man formerly charged with developing a vaccine told lawmakers the government in Washington has no “master plan” to fight the pandemic and is unprepared to distribute enough vaccines to immunise millions of Americans.  
  • We don’t have a single point of leadership right now for this response, who was removed from his job last month.  
  • The U.S. has registered almost 86,000 deaths linked to COVID-19 — the highest toll of any nation, with a third of all known global infections. 

‘Very disappointed’ 

  • The U.S. and China are the world’s two largest economies, doing hundreds of billions of dollars of mutually beneficial trade every year. 
  • New figures showed a further three million job losses, taking the newly unemployed to 36.5 million — more than 10% of the U.S. population. 
  • Germany’s treasury is also expecting a big hole in its budget, with around €100 billion euros wiped off the tax take in 2020.  
  • Europe’s biggest economy has already slipped into a recession, with GDP expected to shrink by 6.3% this year — the biggest contraction since 1949. 
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