Categories: Economy

China Steps Against US Chip Export Restrictions

China Steps Against US Chip Export Restrictions

The United States introduced a comprehensive set of restrictions in October to curb the development of China’s semiconductor industry.

“China has taken the necessary legal steps under the World Trade Organization to raise our concerns and uphold our legitimate interests,” China’s Ministry of Commerce said in a statement last night.

The statement also claimed that the restrictions imposed by the United States “threaten the stability of global industry supply chains.”

USA: THESE STEPS ARE RELATED TO NATIONAL SECURITY

Adam Hodge, a spokesman for the US Department of Commerce, said: “We have received a request from China for consultations on US steps in semiconductors. “As we noted in our response to China, these steps have to do with national security and the World Trade Organization is not an appropriate forum to discuss national security issues,” he said.

The work of the dispute resolution mechanism of the World Trade Organization, which is used for the resolution of foreign trade disputes between countries, can take a long time. Although the dispute resolution calendar begins with consultations, some issues are never resolved within the organization as the US blocks appointments to the World Trade Organization’s dispute resolution board. (Reuters)

US China World Series Reuters Technology Trade Department

Source: Sozcu

Recent Posts

Miss Switzerland candidate accuses Trump of sexual assault

A former Miss Switzerland candidate is accusing Donald Trump of “bumping” her at a meeting…

6 months ago

10 fun facts about Italian classics – or did they come from China?

Friday is pasta day—at least today. Because October 17th is World Pasta Day. It was…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Kamala Harris enters media ‘enemy territory’ – that’s what she did at Fox

Kamala Harris gave an interview to the American television channel Fox News, which was not…

6 months ago

One Direction singer Liam Payne (31) died in Buenos Aires

The British musician attended the concert of his former bandmate in Buenos Aires. The trip…

6 months ago