Is the U.S. on the Brink of a Trade War With China?

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June 9 (Bloomberg) –- In today’s “Global Outlook’” Bloomberg’s Lanhee Chen discusses tensions in the trade relationship between the U.S. and China. He speaks with Trish Regan on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

A trade war with china.

The world second largest economy has been about narrow issues.

What the chinese might do about the u.s. debt.

Today's conflict is far more in city was -- insidious, charges of cyber threat -- cyber spying.

The conflict has really gotten into high gear since the doj, five members on charges of cyber s via menage -- cyber espionage.

China recorded by accusing cisco of aiding cyber spying in, banning the use of windows eight operating system and lobbying accusations that apple, google and facebook operated in a secret room to monitor china.

You can read all about this in my latest comment in "usa today." in the meantime, joining me right now to discuss the issue and the role it will play in the future for all of these tech giants is the bloomberg view columnist and presidential candidate mitt romney.

This is a big issue.

We are looking at potentially one of the biggest protectionist environment we have seen in decades.

What is at stake?

Good afternoon.

This is a very precarious time for our ability to open up markets abroad.

Particularly the case with china is we have always been an difficult pension with them and i think there was an understanding.

I think the surveillance activity and declarations since from snowden revelation have put the u.s. and china and a precarious position.

This is definitely a huge issue.

What do you think might actually play out?

Are we in a situation where we will block off china, they will block us out.

Were consequently the global economy is at risk for shrinking?

This is always the concern with china.

You recall when governor romney talked about being tougher on china.

A lot of economists and folks in the business community got nervous because of the potential of triggering a trade war with china.

I think the situation we're in now is a step beyond what we talked about during the campaign because now you have fundamental issues of safety and security at play it well -- as well.

They have a perfectly good excuse to engage native companies.

Thank you so much.

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