As the US-China trade war escalates, with President Joe Biden’s administration issuing sweeping restrictions on exports of chip technology, enterprises in different economic sectors worldwide are bound to get caught in the crossfire between the world’s two largest economies.
The new trade rules come at a time when the US is getting increasingly worried about China’s growing geopolitical power, and will affect not only computer equipment, but many consumer products built on the restricted semiconductor technology. They also signal the end of the era of ever-expanding globalization.
Enterprises of all stripes will have to analyze their supply chains to determine how they may be affected, experts say.
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