China's Commerce Ministry says US measures on China chips are bullying, protectionist ...Middle East

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Chinas Commerce Ministry says US measures on China chips are bullying, protectionist

China commerce ministry:

US measures on China’s advanced chips are ‘typical of unilateral bullying and protectionism’US chip measures seriously undermine the stability of the global semiconductor industry chain and supply chainUS abuses export controls to contain and suppress China, violates international law and basic normsSuspects US measures constitute discriminatory restrictive measures against Chinese companiesAny organization or individual that implements or assists in the implementation of US measures shall bear corresponding legal liabilitiesUrges the US to immediately correct its erroneous practicesUrges US to abide by international economic and trade rules, and respect other countries’ rights to scientific and technological development

It's a wonder the two sides have agreed to work to reduce tariffs. The war over chips is continuing.

    This article was written by Eamonn Sheridan at www.forexlive.com.

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