Geopolitical tensions are expected to ratchet up after American jets downed four flying objects in the past 10 days, including a suspected Chinese spy balloon off the Carolina coast on Feb 4.
Brokerage ING said in a note on Feb 6 the incident could exacerbate the “tech war” and would have a negative near-term impact on China’s yuan currency.
Both sides will likely impose more export bans on technology in different industries. This is a new risk for supply chain disruption, even as logistics are freed from Covid-19 restrictions, ING warned.
With the US and China…
