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Exclusive: The US will launch its third crackdown in three years on China’s semiconductor industry on Monday, restricting exports to 140 companies including chip equipment maker Naura Technology Group, among other moves https://t.co/5inl8B7VtD
— Reuters (@Reuters) December 2, 2024
Related: Trump Threatens BRICS Countries Trying to Move Away from the Dollar with 100% Tariffs
Doing a trade war with China would only be good for the US if the US had its own manufacturing.
It doesn’t have that and the Intel plant in Ohio is probably never going to open.
RT:
China’s Ministry of Commerce has vowed to take “necessary measures” to safeguard its interests after the US imposed sweeping export controls aimed at crippling the Chinese semiconductor industry.
The US Department of Commerce announced on Monday that it would ban the export of 24 types of chip manufacturing equipment, three software programs, and high bandwidth memory to China. Additionally, 140 Chinese entities – including toolmakers, chip fabricators, and investment firms – were added to the department’s blacklist over their role in developing China’s domestic semiconductor industry.
In a statement, the Commerce Department claimed that Chinese semiconductors “can be used in the next generation of advanced weapon systems and in artificial intelligence,” which “pose a substantial risk to US national security.”
“This is a typical act of economic coercion and non-market practice,” a spokesperson for the Chinese ministry said in response. “The US says one thing and does another… abusing export control measures, and implementing unilateral bullying. China firmly opposes this.”
The anti-China trade war is just another one of these wars that the “leaders” in Washington wage that does not benefit the American people in any way whatsoever.
What China wants is for the United States to stop bullying us. pic.twitter.com/DlaYrQ83lx
— Ignorance, the root and stem of all evil (@ivan_8848) November 30, 2024
