Trade War Fallout

The article discusses the potential for a trade war between the US and China in the nuclear energy sector, specifically concerning China's dominance in the global supply chain for nuclear components and materials. The US is considering restricting China's access to American markets for nuclear technology and materials, citing national security concerns related to China's alleged intellectual property theft and unfair trade practices. The US argues that China's subsidized nuclear industry has created an uneven playing field, allowing Chinese companies to undercut American competitors. This dominance threatens the US's ability to maintain a competitive nuclear energy industry and ensure a reliable supply chain for its own nuclear reactors and defense programs. China is responding by criticizing the US's protectionist measures, arguing that they violate international trade rules and will hinder the global transition to clean energy. China emphasizes its commitment to fair competition and highlights its role in advancing nuclear technology and lowering costs. The article suggests that a full-blown trade war in the nuclear sector could have significant consequences, potentially disrupting the global supply chain, increasing costs for nuclear power projects, and slowing down the deployment of new nuclear technologies. It remains to be seen whether the US and China can find a way to resolve their differences through negotiation and avoid a damaging trade conflict. The potential restrictions could also impact ongoing nuclear projects around the world that rely on Chinese components. find the original article here: https://finance.yahoo.com/news/chinas-nuclear-trade-war-option-233857399.html