China and US Escalate Tech Trade War with New Sanctions and Bans
TL;DR Summary
China has announced a ban on exports of key high-tech materials like gallium and germanium to the United States, citing national security concerns. This move is a response to the latest US crackdown on China's semiconductor industry, which included export restrictions on 140 Chinese firms. The ban, effective immediately, also imposes stricter reviews on graphite exports to the US. This escalation in trade tensions comes as President-elect Donald Trump prepares to take office, having previously threatened to increase tariffs on Chinese imports.
- China hits back at US chip sanctions with bans on exports DW (English)
- China Announces a Ban on Rare Minerals to the U.S. The New York Times
- US chips are 'no longer safe,' Chinese industry bodies say in latest trade salvo Reuters
- U.S. announces new export controls on China's chip industry NBC News
- US blasts China’s export ban on key minerals, vows ‘necessary steps’ South China Morning Post
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