China warns it will take action if US implements new chip control measures
By Karah Rucker (Anchor), Jodie Hawkins (Senior Producer), Michael Edwards (Video Editor)
China is putting out a warning that it plans to take action if the United States enforces new chip control measures. This comes after reports said the Biden administration could come out with new export procedures by the end of the week.
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
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Untracked Bias
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China’s Commerce Ministry spokesperson He Yadong said China strongly opposes what he claims is the U.S. broadening the concept of national security and the “abuse” of control measures targeting Chinese companies.
The U.S. tightened controls on semiconductors over fears that China could use the technology to strengthen its military.
“These actions severely disrupt international economic and trade order, destabilize global industry security and harm the cooperative efforts between China and the U.S.,” Yadong said.
It’s not clear what actions China would take, but Yadong said the country would do what it needed to protect the rights of Chinese companies.
The reported changes are a reversal after the Biden administration signed a bipartisan bill in 2022 providing incentives for chipmakers to set up manufacturing in the U.S., committing $53 billion to boost U.S. competitiveness with China.
The chips are an important component for several products including electronics, vehicles, medical devices and defense systems.
There are also concerns the revitalization of the semiconductor industry will be impacted when President-elect Donald Trump takes office in January 2025.
“That chip deal is so bad,” Trump said on The Joe Rogan Experience podcast in October. “We put billions of dollars for rich companies to come in and borrow the money and build chip companies here.”
Trump said he plans to put up to 60% tariffs on goods from China and a tax of at least 10% on all other imports.
[KARAH]
CHINA IS PUTTING OUT A WARNING THAT IT PLANS TO TAKE ACTION IF THE U-S ENFORCES NEW CHIP CONTROL MEASURES.
THIS COMES AFTER REPORTS THE BIDEN ADMINISTRATION COULD COME OUT WITH NEW EXPORT PROCEDURES BY THE END OF THE WEEK.
REUTERS REPORTS THE U-S CHAMBER OF COMMERCE TOLD ITS MEMBERS THE PLAN INCLUDES ADDING AS MANY AS 200 CHINESE CHIP COMPANIES TO A TRADE BLACKLIST WHICH WOULD PREVENT MOST U-S SUPPLIERS FROM SHIPPING TO THEM.
CHINA’S COMMERCE MINISTRY SPOKESPERSON HE YADONG SAYS CHINA STRONGLY OPPOSES WHAT HE CLAIMS IS THE U-S BROADENING THE CONCEPT OF NATIONAL SECURITY AND THE QUOTE “ABUSE” OF CONTROL MEASURES TARGETING CHINESE COMPANIES.
THE U-S TIGHTENED CONTROLS ON SEMICONDUCTORS OVER FEARS THAT CHINA COULD USE THE TECHNOLOGY TO STRENGTHEN ITS MILITARY WITH YADONG RESPONDING…
“THESE ACTIONS SEVERELY DISRUPT INTERNATIONAL ECONOMIC AND TRADE ORDER, DESTABALISE GLOBAL INDUSTRY SECURITY AND HARM THE COOPERATIVE EFFORTS BETWEEN CHINA AND THE U-S.
IT’S NOT CLEAR WHAT ACTIONS CHINA WOULD TAKE BUT YADONG ADDED THE COUNTRY WOULD DO WHAT IT NEEDED TO PROTECT THE RIGHTS OF CHINESE COMPANIES.
VO:
THE REPORTED CHANGES ARE A REVERSAL FROM THE BIDEN ADMINISTRATION SIGNING A BIPARTISAN BILL IN 20-22 PROVIDING INCENTIVES FOR CHIPMAKERS TO SET UP MANUFACTURING IN THE U-S…– COMMITTING 53 BILLION DOLLARS TO BOOST U-S COMPETITIVENESS WITH CHINA.
THE CHIPS ARE AN IMPORTANT COMPONENT FOR SEVERAL PRODUCTS INCLUDING ELECTRONICS, VEHICLES, MEDICAL DEVICES AND DEFENSE SYSTEMS.
THERE ARE ALSO CONCERNS THE REVITALIZATION OF THE SEMICONDUCTOR INDUSTRY WILL BE IMPACTED WHEN PRESIDENT-ELECT DONALD TRUMP TAKES OFFICE IN JANUARY.
HERE’S WHAT TRUMP HAD TO SAY ABOUT IT ON THE JOE ROGAN EXPERIENCE PODCAST.
that chip deal is so bad, we put up billions of dollars for rich companies to come in and borrow the money and build chip companies here. And they’re not going to give us the good companies anyway. All you had to do is charge them tariffs. If you were to put a tariff on the chips coming in, you would have been able to. Just like the auto companies. No different. More sophisticated, but no different.
TRUMP SAYS HE PLANS TO PUT UP TO 60 PERCENT TARIFFS ON GOODS FROM CHINA AND A TAX OF AT LEAST 10 PERCENT ON ALL OTHER IMPORTS.
FOR SAN – I’M KARAH RUCKER.
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Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below. Learn more about this dataBias Distribution
Left
Chip supplier stocks jump as the US weighs up fresh China sanctions
Click to see story on Business InsiderChina warns of ‘necessary actions’ if US escalates chip curbs
Click to see story on Deccan HeraldChina Warns of ‘Necessary Actions’ if US Escalates Chip Curbs
Click to see story on U.S. NewsChina warns of ‘necessary actions’ if US escalates chip curbs
Click to see story on ReutersNew US chip sanctions to deal fresh blow to China’s self-reliance push
Click to see story on South China Morning PostChina warns of ‘necessary actions’ if U.S. escalates chip control measures
Click to see story on The Globe & MailChina warns of ‘necessary actions’ if US escalates chip curbs
Click to see story on Investing.comChina warns of ‘necessary actions’ if US escalates chip curbs
Click to see story on The Straits TimesChina says ready to take US head on over Biden administration’s proposed curbs on chip exports
Click to see story on Firstpost NewsNew U.S. chip curbs on China could be coming soon (NASDAQ:MU)
Click to see story on Seeking AlphaNew U.S. Chip Sanctions: A Strategic Blow to China’s Tech Independence
Click to see story on The Rio TimesRight
Untracked Bias
US is preparing additional restrictions on the sale of chips to China
Click to see story on GloboChina opposes U.S. export control abuse
Click to see story on Ecns‘Malicious Attempts to Block China’ US Deals a Massive Blow. Things Will Get Hot
Click to see story on RzeczpospolitaUS prepares restrictions on Chinese chips
Click to see story on 3yonnewsiChina warns the US that it will take the “necessary measures” if it tightens restrictions on its chips
Click to see story on El EconomistaTech war: new US chip sanctions to deal fresh blow to China’s self-reliance push
Click to see story on BizTocTech war: new US chip sanctions to deal fresh blow to China’s self-reliance push
Click to see story on UpstractUS seen tightening tech export restrictions on China, impacting semiconductor equipment and AI memory chips
Click to see story on BusinessMirrorUS-Chip Sanctions: A New Battlefront in Tech War with China Threatening its Semiconductor Self-Reliance Drive
Click to see story on Automobile News and Trends – You must read this !US to impose more export sanctions on China, reveals leaked email
Click to see story on Android HeadlinesInvesting Business Daily | Biden administration poised to expand China AI chip sanctions
Click to see story on Investing Business DailyDAILY DOSE: Biden administration announces new measures to restrict China’s AI development; Alibaba unveils QwQ-32B-Preview reasoning AI with 32.5 billion parameters. – Scientific Inquirer
Click to see story on Scientific InquirerUnited States will introduce new restrictions to limit China’s access to state-of-the-art chips
Click to see story on HD TecnologíaUS expected to unveil further AI chip sanctions against China on Monday
Click to see story on FXStreetUS to impose more export sanctions on China, reveals leaked email – WiredFocus
Click to see story on wiredfocus.comBiden Administration Considers New Restrictions on Semiconductor Equipment and AI Chips Sales to China
Click to see story on theasialive.comChina warns the US that it will take “the necessary measures” to safeguard the interests of China’s companies
Click to see story on pnt.clChina Warns of Retaliation Over U.S. Chip Control Escalation – Pakistan Times Today
Click to see story on Pakistan Times TodayUS to Implement Semiconductor Restrictions on Chinese Equipment Makers
Click to see story on techpowerup.comChina warns “necessary measures” if U.S. sets more restrictions on chips
Click to see story on DPL NewsChina warns of ‘necessary actions’ if US adds new chip controls
Click to see story on evertiq.comStraight to your inbox.
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