Is The US And China Now "Officially In An Economic War"?

Zero Hedge: "No Possibility Of Reconciliation" Any Longer: US And China Are Now "Officially In An Economic War" 

Semiconductor stocks across the globe - in Hong Kong, Europe and certainly in the US - are tumbling after the Biden administration on Friday unveiled new restrictions on technology exports to China which are meant to undercut Beijing's ability to develop wide swaths of its economy, from semiconductors and supercomputers to surveillance systems and advanced weapons. 

As noted earlier, the US Commerce Department on Friday unveiled sweeping new regulations that limit the sale of semiconductors and chip-making equipment to Chinese customers, striking at the foundation of the country’s efforts to build its own chip industry. The agency also added 31 organizations to its unverified list, including Yangtze Memory Technologies and a subsidiary of leading chip equipment maker Naura Technology, severely limiting their ability to buy technology from abroad.  

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Update: Last week's US export controls could mark start of trade war (The Register)  

WNU Editor: Taiwan is onboard .... Taiwan Pledges to Keep Advanced Chips From Chinese Military (Bloomberg).