Biden's Move Escalates US's Trade War With China

  • 11:07
  • Published On: August 11, 2023
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In a move seen as a big escalation of US's trade war with the red dragon, President Biden has banned key high-tech investments in China including sectors like semiconductors, microelectronics and AI that are crucial for India's economic cooperation with the US. Biden, in a letter to Congress, sai  he was declaring a national emergency to deal with the threat of advancement by countries like China "in sensitive technologies and products critical to the military, intelligence, surveillance or cyber-enabled capabilities."

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