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 chain
- US abuses export controls to contain and suppress China, violates international law and basic norms
- Suspects US measures constitute discriminatory restrictive measures against Chinese companies
- Any organization or individual that implements or assists in the implementation of US measures shall bear corresponding legal liabilities
- Urges the US to immediately correct its erroneous practices
- Urges 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.
