The United States announced sanctions Tuesday on a China-based network for producing and distributing chemicals used to make drugs including those fueling a deadly national fentanyl crisis.
The Biden administration is picking up the pace of engagements with China, while simultaneously continuing to tighten restrictions on China’s access to chip technology.
With its proxy conflict with Russia in Ukraine running into serious problems, the US is still ratcheting up tensions with China in the Taiwan Strait. Dr David Oualaalou said Washington has few enthusiastic allies for that fight.
Washington has only stepped up its trade and sanctions war on Beijing since Joe Biden became US president. But China is increasingly settling payments with its trade partners in its own currency, undercutting the dollar.