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US business expert talks consequences of trade sanctions

By LIU YINMENG in Los Angeles | China Daily Global | Updated: 2021-03-15 10:03 Share CLOSE A man visits a booth of Semiconductor Manufacturing International Corporation (SMIC), at China International Semiconductor Expo (IC China 2020) following the COVID-19 outbreak in Shanghai, Oct 14, 2020. [Photo/Agencies] Trade policies often have unintended consequences, such as US sanctions on a major Chinese tech company contributing to a global shortage of semiconductors, an expert on global trade told business webinar attendees. I think based on what I ve seen and read, it s partly because of supply chain issues with COVID, but it s also being attributed to unintended blowbacks or consequences of our export-control and growing tech battle between the US and China, said Robert Oberlies.

Xiaomi Jumps After U S Trading Ban on Phone Maker Is Halted

Xiaomi Jumps After U.S. Trading Ban on Phone Maker Is Halted Bloomberg 3/15/2021 Bloomberg News © Bloomberg A pedestrian walks past advertisements at a Xiaomi Corp. store, with a boarded up shopfront in place since protests last year, in Hong Kong, China, on Wednesday, Dec. 2, 2020. Xiaomi dropped the most ever in Hong Kong after China s No. 2 smartphone maker raised $3.1 billion in the city s biggest top-up placement on record. (Bloomberg) Xiaomi Corp.’s shares jumped in Hong Kong after a U.S. court blocked the Defense Department from restricting American investment in the Chinese smartphone giant. Popular Searches Shares of the consumer electronics maker surged as much as 12% on Monday, the biggest intraday gain in almost a month. Under the Trump administration, the Defense Department placed Xiaomi on a list of companies with alleged links to the Chinese military, triggering financial restrictions that were set to go into effect next week. U.S. D

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