There is NO doubt that the Trump admin IS systematically working to cut the reliance of America on Chinese products…
There Is a trade war going on with China…
And it isn’t just thru import tariffs/taxes….
Trump’s way of action IS to come at you hard in order to gain concessions at there bargaining table….
China has NOT blinked….
But Trump’s action will also hurt the American economy…
The Trump administration added five Chinese entities to a United States blacklist on Friday, further restricting China’s access to American technology and stoking already high tensions before a planned meeting between President Trump and President Xi Jinping of China in Japan next week.
The Commerce Department announced that it would add four Chinese companies and one Chinese institute to an “entity list,” saying they posed risks to American national security or foreign policy interests. The move essentially bars them from buying American technology and components without a waiver from the United States government, which could all but cripple them because of their reliance on American chips and other technology to make advanced electronics.
The entities are one of China’s leading supercomputer makers, Sugon; three subsidiaries set up to design microchips, Higon, Chengdu Haiguang Integrated Circuit and Chengdu Haiguang Microelectronics Technology; and the Wuxi Jiangnan Institute of Computing Technology. They lead China’s development of high-performance computing, some of which is used in military applications like simulating nuclear explosions, the Commerce Department said.
Other Chinese companies that have been barred from access to American technology include the telecom equipment giant Huawei, which was added to the entity list in May. The Trump administration is also considering adding Hikvision, a surveillance-technology company, The New York Times has reported.