Xi Prepares Strategic Moves Amid US Trade Tensions

1 min read
Source: Bloomberg
Xi Prepares Strategic Moves Amid US Trade Tensions
Photo: Bloomberg
TL;DR

In response to recent US restrictions on China's access to AI chip components, China is preparing countermeasures in anticipation of a potential trade war. President Xi Jinping has initiated an investigation into Nvidia Corp. and restricted the export of certain rare materials with military applications. Additionally, China has limited the sale of key drone components to the US and Europe, signaling its readiness to retaliate against US trade policies.

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