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According to some U.S. semiconductor firms, the new export controls will have "negative ripple effects" on future investment in research. They cite a decrease in sales to China and a congested supply chain which in turn reduces revenues, thereby reducing capital previously allocated to fund research for the next generation of chips or equipment.
Responding to a query on the changes, a spokesperson for China's foreign ministry described them as "distorting facts and slandering China's foreign policy, and hyping up so-called China-U.S ...
WASHINGTON (Reuters) -The U.S. Congress is set to vote in the coming days on legislation restricting U.S. investments in China as part of a bill to fund government operations through mid-March ...
WASHINGTON (Reuters) -The Biden administration said on Friday it has imposed new trade restrictions on 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India and South ...
China's three unilateral sanctions programs are separately administered by the Ministry of Foreign Affairs, Ministry of Commerce, and the Taiwan Affairs Office. The Ministry of Foreign Affairs maintains a sanctions list that imposes travel, trade, and financial restrictions against targeted individuals and entities accused of interfering with ...
An economic conflict between China and the United States has been ongoing since January 2018, when U.S. president Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft. [1]
The U.S. Postal Service has reversed its ban on suspended parcels from China and Hong Kong, which was issued just a day ago. The USPS initially issued the suspension notice on Tuesday before ...
In 2020, China signed major free trade agreements with the European Union as well as fifteen different Asia-Pacific countries. [12]: 259 As of at least 2023, China is the world's largest exporter, a status it has maintained continuously since 2010. [13]: 88 Effective 1 December 2024, China eliminated tariffs for goods imported from all of the ...