CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: Cool: Trump Wields More Powerful Weapon Than Tariffs in Trade War Sat May 25, 2019 6:32 am | |
|
- U.S. moves to toughen export controls are fanning trade fears
- Blacklist against Huawei could just be the start for Trump
President Donald Trump’s trade war against China has so far focused on attacking imports. His new front: Weaponizing American exports. The Trump administration is seeking to choke off Beijing’s access to key technologies by limiting the sale of vital U.S. components to China’s Huawei Technologies Co. The U.S. is considering putting at least five Chinese surveillance companies on the same blacklist. The moves are part of a bigger effort by the U.S. to expand and toughen the export control regime that for decades has curbed the sale of defense-related technologies to rogue regimes and strategic rivals. It’s a process that has prompted fears from business that as Trump’s trade war grows into a broader technology-driven conflict with China the U.S. could end up damaging its own economic future. In closed-door deliberations the administration since last year has been discussing with companies and industry groups how to update and redefine the products on the Commerce Department’s export control list, a process that is expected to gel in the coming weeks. Administration hawks are pushing for broad definitions to restrict exports related to technologies such as artificial intelligence, robotics and 3D printing that they call essential to competitiveness. The new regulations could also limit the ability of companies to hire foreign engineers and scientists to work in affected areas as the knowledge they gain is considered a sensitive “deemed” export.
https://www.bloomberg.com/news/articles/2019-05-23/trump-wields-a-more-powerful-weapon-than-tariffs-for-trade-war
Free trade, just not with an ideological enemy. |
|