Rugao’s government claims that Saleen’s technology was fraudulent and false information was used to obtain a higher valuation.
China’s actions in Rugao further complicate U.S.-China relations, which have been in decline as a result of the COVID-19 pandemic and the Trump Administration’s plans to ban TikTok in the United States.
One thing is clear, China’s actions over the last decade have largely gone unpunished. Perhaps this will be a watershed moment for Trump, who is looking to shore up support at home ahead of the 2020 election, where questions regarding Chinese global power will surely be brought up.
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