In efforts to cripple the technological advancement of the Chinese government, the Biden administration has implemented new foreign policy surrounding the sale of semiconductor chips. This surprising and bold move from the Biden administration could potentially cripple the global tech industry and affect manufacturers even in the US, as the airtight deal prevents any sort of trade of semiconductors with China, a leading tech manufacturer.
technology production categories The Biden administration's dilemma revolves around the economic interdependence of the United States and China, where actions in one sphere can substantially influence the other, and vice versa. Why Now? Truthfully, Biden has been working towards this for a while, and given that US-China relations continue to deteriorate, it is important for Biden to continue to maintain the upper hand, in order to ensure national security.