Trump trade war

OECD: U.S.-China trade war puts global economy "in a dangerous place"

The Organization for Economic Co-operation and Development (OECD) emphasized the threat of falling trade growth from the U.S.-China trade war at the global economic outlook forum this week, urging participating governments to "reignite multilateral trade discussions."

Threat level: OECD Secretary-General José Ángel Gurría said "the world economy is in a dangerous place" at the forum, Reuters reports. “Clearly the biggest threat is through the escalation of trade restriction measures, and this is happening as we speak."

"New Cold War" fears hit Silicon Valley

Illustration of a robot arm holding an ice cube with a stack of money frozen in the center.
Illustration: Aïda Amer/Axios

A prominent Silicon Valley investor tells Axios that U.S.-China trade tensions are "the new Cold War."

Driving the news: In this Cold War, tech has evolved from a negotiating point (IP theft, forced transfer) into a cudgel (Huawei, rare earths, etc.). Trade tensions are also having a negative impact on startups, particularly in "hard tech" areas like AI, advanced manufacturing, IoT, machine learning, and networking.