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With Donald Trump inaugurating just days away, China is in favor of an industrial war, targeting sectors as varied as semiconductors, clothing, and commercial plastics.
By Alexandra Stevenson
Report from Hong Kong
Days before President-elect Donald J. Trump takes office, China is favoring an economic war with the United States.
This threatened to open a full-scale investigation into American chipmakers. It targeted a U. S. retailer, accusing it of “inappropriate conduct” that could have consequences reserved for arms traffickers. And it is willing to impose price lists on imports of commercial products. plastic.
The wave of retaliatory measures, all taken this week, may have far-reaching consequences for American businesses. They join other measures taken through China in recent weeks with one objective: to warn the new Trump administration.
“This is a wake-up call to the new administration that we will not sit idly by and will also have leverage in the event of a deepening of the industry’s generational wars,” said Myron Brilliant, senior advisor at Dentons Global Advisors-ASG, a law firm. . business consulting firm.
So in the showdown between the world’s superpowers, Washington has set the tone by taking tough steps aimed at limiting China’s economic influence and stifling the advance of industries that could give it a military advantage.
In its final days, the Biden administration issued new regulations to limit the use of semiconductors in China and imposed sanctions on companies in the mining, real estate, solar and shipping sectors. Some observers have called it “China Sanctions Week. “
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