Trump Officials Planning Escalation of US-China Tech Trade War (arstechnica.com)

An anonymous reader quotes a report from Ars Technica: The Trump administration is looking to widen its trade war with China by restricting Chinese access to U.S. technology, according to reports from the Wall Street Journal and Reuters. "The Treasury Department is crafting rules that would block firms with at least 25 percent Chinese ownership from buying companies involved in what the White House calls 'industrially significant technology,'" the Wall Street Journal says. A separate proposal would institute beefed-up export controls preventing Chinese companies from buying these technologies from U.S. firms. The policies could be announced as soon as this week, the Journal says. In the past, the Trump administration has blocked multiple attempts by Chinese companies to buy U.S. semiconductor firms and imposed a sweeping export ban on Chinese smartphone maker ZTE after ZTE was caught selling U.S. technology to Iran and North Korea -- though the administration recently lifted the ban.

Comments

Um... you do know the economy doesn't move

[rsilvergun]

that fast, right? These people lost ground for 8 years under Obama, 8 years under Bush and 8 years under Clinton. The older ones lost ground before that too. These trends have been going on for over 40 years. They've been ignored that long. There was a brief respite during the .com boom and an even briefer one during the housing boom.

It's kinda hard to shoot yourself in the foot when somebody else already cut you off at the knees.