Published 16 July 2021
In response to a series of Chinese trade infractions (intellectual property theft, forced technology transfers, cyber espionage, and WTO violations), the U.S. government implemented a sanctions regime which has inflicted increasing pain on China’s semiconductor industry. The Biden administration has doubled down on the Trump’s sanction strategy against China’s high-tech sector. Terry Daly and Jordan Schneider write that China has so far abstained from taking major retaliatory measures against the United States, but this is not likely to last. “The prudent course in a period of uncertainty is risk mitigation. This applies to countries and companies alike,” Daly and Schneider write.
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