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BBCNEWS BBC News June 4, 2024 01:02:00

The week china said they will now require a special license to get two key minerals to make microchips that use in things like solar panels and semiconductor is and electric cars. so they are sending a stern message about their feelings on taiwan and said that they will fight, if necessary, to keep that as part of the mainland. what i did find interesting was janet yellen s tweet before she landed saying that we will take action to protect our national security when needed on this trip but then balance that by saying we are open to communication and trying to find common ground is the relationship between these two countries gets much hotter every day. countries gets much hotter every day- countries gets much hotter eve da . , , ., every day. given the tension in the lead up every day. given the tension in the lead up to every day. given the tension in the lead up to this every day. given the tension in the lead up to this visit, - every day. given the tension in the lead up to ....

China S , Bad Things , Solar Panels , Janet Yellen , Access It , Neve Da ,

MSNBC Ana Cabrera Reports June 4, 2024 14:16:00

That, you know, we ve also seen inflation come down, right? inflation is now half of what it was a year ago. so i think altogether we are seeing that president biden s vision of doing three things, investing in america including industries like semiconductor, infrastructure, manufacturing, clean energy, also investing in american workers and also increasing competition to decrease prices that those things taken together are working and we are seeing both economic security and growth in our economy. markets are reacting to today s news, still down slightly this morning. wall street expects another interest rate hike. mortgage rates are already way up. credit card rates are up. this is hurting a lot of americans. what s the answer? i mean, i think that s right. we should acknowledge some of the pain that americans continue to feel, right? remember, just three years ago we were deep in a pandemic, and the economic catastrophe that ....

U S , Joe Biden Shouldn T , Wall Street , Mortgage Rates , Credit Card Rates , Interest Rate Hike ,

BBCNEWS Asia Business Report June 4, 2024 00:31:00

This is the first time a us treasury secretary has visited china since the covid pandemic and this is the environment they find themselves in. for example, trade restrictions. one point of contention is over rare earth metals, essential components to make semiconductor those which are used in everything from smart phones to military equipment. earlier this week beijing said it will require a special license to obtain two metals predominantly mined in china stopping this move has seen a retaliation against export bands put in place by the united states of critical technology needed for artificial intelligence and quantum computing. both sides argue that these bands are neededin argue that these bands are needed in the interest of national security. another issueis national security. another issue is the weakening yuan. china s currency has lost nearly 5% of its value against the us dollar over the past year which makes chinese exports more competitive on the global market. the us has be ....

Treasury Secretary , Essential Components , Trade Restrictions , Smart Phones , Export Bands , Military Equipment , Artificial Intelligence , Quantum Computing , United States Of Critical Technology , National Security , Issueis National Security ,

BBCNEWS BBC News June 4, 2024 01:11:00

Needed to make semiconductor is as well as solar panels, electric cars, all the things that are really on the cusp and in our lives currently but also on the cusp of what is to come down the pipeline in terms of economics and goods that we are all going to be able to use. so going into this they are hitting hard and also there was a analyst that was saying to chinese government that this is only just one tool chinese government that this is onlyjust one tool in their toolbox that they are willing toolbox that they are willing to use to fight back against the us. now, what the us did, they also put special requirements, there is a licence that companies have two do in order to do business with certain chinese companies and this is really based around some of the semiconductors that are used for military equipment but also, you know, some of the things that are seen as special with intellectual property. so this is now a tit for tat in ....

Electric Cars , Solar Panels , Tit For Tat , Military Equipment , Intellectual Property ,

China bans export of metals needed for semiconductors amid US-China chip war

As part of the new restrictions, exporters of gallium and germanium have to apply for licenses detailing the buyer and the application or usage of the metals. ....

United States , Republic Of China , Taiwan General , European Council , European Parliament , Export Control Law , Foreign Trade Law , Changxin Memory Technologies ,