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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]
Effective October 7, 2022, the United States of America implemented new export controls targeting the People's Republic of China's (PRC) ability to access and develop advanced computing and semiconductor manufacturing items. [1] The new export controls reflect the United States' ambition to counter the accelerating advancement of China's high ...
The US maintained embargoes against China from the inception of the People's Republic of China in 1949 until 1972. An embargo was reimposed by the US following the 1989 Tiananmen Square protests and massacre. From 2020 onward, the US imposed sanctions and visa restrictions against several Chinese government officials and companies, in response ...
China is the largest trading partner to 120 countries, including most of the largest markets in Asia, the European Union, the Middle East, and South America. There is a clear divergence in ...
Chris Miller wrote the definitive book on the subject, the fittingly titled Chip War, winner of the Financial Times’ business book of the year for 2022 and Fortune 500 CEOs’ most widely read ...
The escalating U.S.-China trade war could become a “forever war” that ultimately drags on with no clear end in sight, according to Stephen Roach, who is an expert on the Chinese economy.. The ...
Chinese leader Xi Jinping with US President Joe Biden at the 17th G20 in Bali, November 2022. [1] The relationship between the People's Republic of China (PRC) and the United States of America (USA) has been complex and at times tense since the establishment of the PRC and the retreat of the government of the Republic of China to Taiwan in 1949.
China put forth its "best efforts" to meet commitments it made in the phase-one trade deal with the United States over the past two years, despite falling well short of targets, according to ...