Trade War

Wisconsin Republican Mike Gallagher, who chairs the House panel on the strategic competition between the U.S. and Chinese Communist Party, called for an end to tech exports to Huawei.

China is planning a new $40 billion government-backed investment fund aimed at bolstering the country's semiconductor manufacturing industry that has been hit by U.S. export controls.

Nvidia said in a regulatory filing the U.S. government is imposing export controls to restrict some countries in the Middle East from buying advanced technology used in AI systems.

Commerce Secretary Gina Raimondo said the Chinese government's actions against U.S. firms are making China "uninvestable" for American businesses due to the risk and uncertainty.

Commerce Secretary Gina Raimondo is on a four-day trip aimed at boosting trade ties between the U.S. and China amid economic and geopolitical disputes between the two countries.

Chinese tech giant Huawei is reportedly receiving $30 billion in government funds to stand up chipmaking plants under different business names that could allow it to avoid U.S. export controls.

North Korea requires significant financial support following three years of strict border closures over COVID-19 fears, which the country claimed to have eradicated last year.

The Department of Commerce will impose new tariffs on several Chinese solar firms after an investigation found they were attempting to circumvent existing U.S. tariffs on goods from China.

President Biden signed an executive order initiating a process aimed at restricting U.S. investment in China that involves sensitive technologies over national security concerns.

Executives from several leading chipmakers met with Biden administration officials at the White House as the U.S. weighs new restrictions on semiconductor exports to China.

The Biden administration is in the middle of a review of tariffs on a variety of imported goods from China. A decision could be made before the end of the year.

Commerce Secretary Gina Raimondo said the U.S. "won't tolerate" China's move to ban Micron's chips from critical infrastructure in China over vague national security concerns.

The Chinese government announced restrictions on imports of Micron Technology's semiconductors, citing "national security risks" with the U.S. chipmaker's products.

The U.S. government is planning an outbound investment screening mechanism that would potentially review overseas investments in sensitive technologies, including Chinese AI firms.

European Central Bank President Christine Lagarde stated that trade must be a two-way street and hopes that the U.S. and China can engage in a dialogue amid rising tensions.

China's rise and recent trade talks with Brazil and Saudi Arabia have fueled renewed speculation about the renminbi dethroning the U.S. dollar as the world's reserve currency.