evrimagaci.org on Nostr: China Escalates Trade Tensions With Export Ban ========== On December 3, 2024, China ...
China Escalates Trade Tensions With Export Ban
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On December 3, 2024, China announced an export ban on gallium, germanium, antimony, and superhard materials to the U.S.; this move follows new U.S. restrictions on high-bandwidth memory chips; the Chinese Ministry of Commerce cited national security as the reason for the ban; China produces approximately 98.8% of the world's refined gallium; antimony trioxide prices surged 228% since the start of 2024; the U.S. could face a $3.4 billion economic hit from halting imports; the ban is seen as retaliation against U.S. tech restrictions; analysts warn of significant impacts on U.S. semiconductor companies; the U.S. is exploring domestic sourcing options; the situation recalls China's 2010 export restrictions against Japan; the U.S. is seeking to diversify supply chains and reduce dependence on China.
#China #Us #Trade #ExportBan #Semiconductors #Gallium #Germanium #Antimony #NationalSecurity #Economy
https://evrimagaci.org/tpg/china-escalates-trade-tensions-with-export-ban-75693
==========
On December 3, 2024, China announced an export ban on gallium, germanium, antimony, and superhard materials to the U.S.; this move follows new U.S. restrictions on high-bandwidth memory chips; the Chinese Ministry of Commerce cited national security as the reason for the ban; China produces approximately 98.8% of the world's refined gallium; antimony trioxide prices surged 228% since the start of 2024; the U.S. could face a $3.4 billion economic hit from halting imports; the ban is seen as retaliation against U.S. tech restrictions; analysts warn of significant impacts on U.S. semiconductor companies; the U.S. is exploring domestic sourcing options; the situation recalls China's 2010 export restrictions against Japan; the U.S. is seeking to diversify supply chains and reduce dependence on China.
#China #Us #Trade #ExportBan #Semiconductors #Gallium #Germanium #Antimony #NationalSecurity #Economy
https://evrimagaci.org/tpg/china-escalates-trade-tensions-with-export-ban-75693