trade war

Chinese chip maker SMIC ‘potentially’ broke US law to make Huawei’s 7-nm smartphone processor, lawmaker says

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Chinese chip maker SMIC ‘potentially’ broke US law to make Huawei’s 7-nm smartphone processor, lawmaker says

Under Secretary of Commerce for Industry and Security Alan Estevez was questioned about the 7-nanometre processor that SMIC made for Huawei during testimony before lawmakers Thursday. When asked by Foreign Affairs Committee Chairman Michael McCaul whether SMIC violated US controls, Estevez said “potentially, yes”. “We’ll assume that it was SMIC,” Estevez said. “I can’t talk … Read more

China’s Xi Jinping to visit France in early May – POLITICO

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China’s Xi Jinping to visit France in early May – POLITICO

“It will be less festive and more studious given the current economic and geopolitical stakes,” said the person, who was granted anonymity to discuss a sensitive issue. “We demand reciprocity in relations with China, in particular in the key area of ecological transition,” he said, with reference to the debate over how far Europe should … Read more

Hurry up and tax Google, Apple, EU urges the world

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Hurry up and tax Google, Apple, EU urges the world

EU finance ministers will call on G20 countries to finalize global corporate tax reforms that would hit international companies such as U.S. tech giants Google, Amazon and Apple, according to a document obtained by POLITICO. The EU’s “Terms of Reference,” drawn up by national treasury officials, will serve as the basis of the bloc’s negotiating … Read more

EU mulls emergency aid for collapsing solar producers – POLITICO

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EU mulls emergency aid for collapsing solar producers – POLITICO

The talks come as the European Solar Manufacturing Council (ESMC), the body representing photovoltaic producers, this week sent a letter to Brussels appealing for “urgent” measures including a swift, EU-led buyout of their inventories. The group argues that subsidized Chinese mass production of solar modules — which currently sell for half the price of their … Read more

Opinion | US-China thaw means Beijing can focus on development, not security

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Opinion | US-China thaw means Beijing can focus on development, not security

But how long will the reset last? As the systemic divisions underlying US-China relations remain unresolved, people have reason to wonder. For example, Biden stressed that both countries should manage their competition responsibly to prevent it from veering into conflict while Xi wondered aloud “are we adversaries or partners?”. Few would expect the diplomacy between … Read more