Rein points to things like 5G technology and TikTok as examples of Chinese technological innovation that comes into America’s crosshairs when US-China relations sour. Not only are companies like Huawei banned, he says, but the US also pushes its allies like the UK and Australia to ban them as well.

“There’s a sword of Damocles hanging over TikTok and all Chinese apps,” Rein argues, “No matter what TikTok does, simply because China is run by the Communist Party, it’s automatically guilty until proven innocent.”

Is the technology arms race between the US and China becoming a geopolitical tit for tat? Has trust between the two countries soured too deeply to repair?

Watch the GZERO World episode: China’s economy in trouble

And watch GZERO World with Ian Bremmer every week on gzeromedia.com/gzeroworld and on US public television. Check local listings.