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

Clearly, the inmates are running the asylum

[rmdingler]

Protectionist trade policy is the knee-jerk reaction of the weak. Retaliation by not just the Chinese, but America's traditional allies in Europe, Canada, and Mexico will cost US jobs, not create them.

Re:I smell a recession coming on.

[ShanghaiBill]

Some how is this is the liberals doing?

At least in America, protectionism is popular with the left, and much less so with conservatives.

Trumpism is a blend of the stupidest policies from both left and right.