US-China Trade Tensions Escalate Over Chip and Material Restrictions
TL;DR Summary
China has banned the export of critical minerals, including gallium, germanium, and antimony, to the US in response to new US restrictions on semiconductor equipment exports to China. These minerals are vital for semiconductors and military applications. The move could significantly impact the US economy, with potential losses estimated at $3.4 billion. China has criticized the US for disrupting global trade and technology progress.
- China bans sale of three critical elements and ‘superhard materials’ to the US Chemistry World
- US chips are 'no longer safe,' Chinese industry bodies say in latest trade salvo Reuters
- Mine, Baby, Mine National Review
- GOP China Panel Chair Slams US Chip Curbs for Huawei ‘Loopholes’ Bloomberg
- The rise of US economic sanctions on China: Analysis of a new PIIE dataset Peterson Institute for International Economics
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