calcalist.co.il (nprofile…m2lw)
✍️ The US government is taking a new approach to trade, imposing restrictions on the export of advanced technologies, including AI chips, to China, causing concerns about the impact on the global technology industry.
👉 The US government has imposed restrictions on the export of advanced technologies, including AI chips, to China.
👉 The move is seen as a response to China's growing technological capabilities and its increasing reliance on imports.
👉 The restrictions are expected to have a significant impact on the global technology industry, particularly on companies that rely heavily on exports to China.
👉 The move is also seen as a response to China's growing military capabilities and its increasing reliance on imports.
#DonaldTrump #ElizabethWarren #China #UnitedStates #technology
quotingcalcalist.co.il (nprofile…m2lw)
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The restrictions on Huawei were not intended to serve the classical goal of reducing the trade deficit, but rather to serve as a tool to curb China's technological advancement. According to Trump, curbing China's advancement takes precedence over promoting the American economy, even if it means harming exports, income, and the free market. The immediate danger: a severe blow to innovation.
https://www.calcalist.co.il/calcalistech/article/h1u11odtrjg