While we have a reprieve in the Huawei ban for the next 90 days, the possibility of a tech cold war is still looming over our heads.
According to The New York Times, the White House is prepared to target Hangzhou Hikvision Digital Technology and Zhejiang Dahua Technology.
Cramer wrote about his thoughts on a full-blown trade war between the U.S. and China last week:
I am beginning to wonder if [President Trump] is willing to overturn, if necessary, 48 years of U.S. policy toward China. Until 1971 there was no contact whatsoever between the Communist regime and our country. We had an economic embargo and a policy of containment toward the PRC. But President Nixon and his Secretary of State, after a bout of affability between the U.S. and the Chinese table tennis teams - we called it Ping Pong diplomacy - visited China back in 1972 and so began a relationship that flowered into a partnership that lead to the two countries doing a ton of business with each other.