The USA’s reported plan to levy tariffs on imports from China’s emerging industries and its commerce department’s decision to add 37 Chinese entities in high-tech sectors are further developments in clamping down on Chinese companies and decoupling with China. Observers say there will be serious consequences.
The Biden administration is expected to announce new China tariffs soon, targeting strategic sectors including electric vehicles, batteries and solar equipment, it was reported on Thursday.
The USA has revoked licenses that allowed companies including US chipmakers Intel and Qualcomm to export chips used for laptops and handsets to Chinese tech giant Huawei.