Some fear a broader clash with China over the theft of technologies that are driving the future of the global economy.
Trump introducing tariffs on steel and aluminium has dominated the economic and political news in the past days. While consequences on global economy are undoubtable, the steel industry has been in a long known shape. US technology giants, that have seen enormous growth only in the past 20 years and define a whole new industry, are much more worried about capital inflow from China and future growth limitations. The largest US technology companies do not operate in China, while Alibaba, Tencent and Baidu themselves have become multi-billion dollar businesses.
Source: While Trump fights over aluminum and steel, Silicon Valley braces for a real trade war