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China expected to intensifty retailiatory chip measures. Lithium curbs are the fear.
The west and China continue to slip towards a meaningful trade war.The US announced it would curb exports of AI chips to China and now China has announced it will control exports of gallium and germanium, two rare earth metals. The metals are used in chipmaking and electric vehicles.The announcement will be top of mind when US Treasury Secretary Janet Yellen visits China on Thursday as she aims to stabilize the relationship.The FT, citing officials and experts in China, warns that further retali...
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Posted: Jul 4 2023, 16:02
Author Name: forexlive
Views: 080948