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The U.S. treasury secretary also raised the matter of punitive actions against foreign businesses operating in China. We round up insights into the issues at stake.
Beijing’s export measures involving key minerals for the tech sector follow similar controls from the US, the Netherlands and Asia.
(Bloomberg) -- China imposed restrictions on exporting two metals that are crucial to parts of the semiconductor, telecommunications and electric-vehicle industries in an escalation of the country’s tit-for-tat trade war on technology with the US and Europe.Most Read from BloombergRussian General Still Missing as Defense Chief Slams MutinyChina Restricts Export of Chipmaking Metals in Clash With USTesla and BYD Post Record Sales on Surge in Electric-Car DemandMusk, Zuckerberg Lead a $852 Billion
Beijing will limit gallium and germanium exports from Aug 1. Read more at straitstimes.com.
As reported by Bloomberg, China's Ministry of Commerce said in a statement yesterday (Monday) that as of August 1, the exporters of gallium and germanium, as well...