Following the US Commerce Department’s announcement of severe new restrictions on sales of advanced semiconductors and other US high-tech goods to China, the Sino-American rivalry has entered an important new phase. Even under the best circumstances, China will have a difficult time adapting to its new reality.
STOCKHOLM – In addition to dealing with the fallout from open warfare in eastern Europe, the world is witnessing the start of a full-scale economic war between the United States and China over technology. This conflict will be highly consequential, and it is escalating rapidly. Earlier this month, the US Commerce Department introduced severe new restrictions on the sale of advanced semiconductors and other US high-tech goods to China. While Russia has used missiles to try to cripple Ukraine’s energy and heating infrastructure, the US is now using export restrictions to curtail China’s military, intelligence, and security services.
STOCKHOLM – In addition to dealing with the fallout from open warfare in eastern Europe, the world is witnessing the start of a full-scale economic war between the United States and China over technology. This conflict will be highly consequential, and it is escalating rapidly. Earlier this month, the US Commerce Department introduced severe new restrictions on the sale of advanced semiconductors and other US high-tech goods to China. While Russia has used missiles to try to cripple Ukraine’s energy and heating infrastructure, the US is now using export restrictions to curtail China’s military, intelligence, and security services.