CHINA GOT a head start on a looming trade war with the US by showcasing a new range of tools it's prepared to use if Donald Trump makes good on his threat to punish the world's second-biggest economy with tariffs.
Restrictions imposed this month by the Biden administration on China's access to vital components for AI chips provoked Beijing into providing the world a preview of its targets in a second trade war. Days after the curbs, President Xi Jinping opened a probe into Nvidia and banned the export of several rare materials with military applications. Beijing has also limited sales to the US and Europe of key components used to build drones.
This story is from the December 12, 2024 edition of Financial Express Pune.
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This story is from the December 12, 2024 edition of Financial Express Pune.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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