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Biden administration is considering using the 'most severe trade restrictions available' if Japanese and Dutch companies continue to give China access to 'advanced semiconductor technology' (archive.ph)

submitted 4 months ago by [email protected] to c/[email protected]

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[–] [email protected] 9 points 4 months ago

I don't think their pleas will work. They're not important or big enough. NVIDIA went begging for the US to let them continue to profit from China and they're way more important and they said no and the head of sanctions basically directly threatened them saying she'd adjust sanctions daily to prevent them getting around them with new products if necessary. Though financial capital has had and still has some interests in China, industrial capital in the west increasingly doesn't benefit from continued trade and in fact as much of it is defense adjacent, benefits from fear-mongering, sanctions, and increasing tensions.

I have little doubt the US will continue to press the sanctions button harder and harder on China. They will hurt their own industries but help them briefly with short-term protectionism benefits. In the end though it will force China to develop their own which will hurt the west but that's deferred pain and they hope to have a better plan or position by then.