Chip restrictions on China appear to work because China is obsessed with asking US administrations to lift the restrictions, and because the Chinese companies say the restrictions slow their progress.
This war may have really been about China. China has been working hard to expand its influence in South America, and had been succeeding heavily in Venezuela. China may have had plans to base missiles in Venezuela. In a war over Taiwan, China could disrupt US shipping in the Caribbean. It is in US’s interest to not have great powers like China and Russia threatening it from nearby countries like Venezuela.
“iRobot, the creator of Roomba, filed for bankruptcy on Sunday. If Amazon had been allowed to acquire the company in 2022, consumers likely would have enjoyed improved quality and lower prices. Now, thanks to antitrust regulators, iRobot will be acquired by a massive Chinese robot vacuum manufacturer, Shenzhen Picea Robotics, instead of American-owned Amazon.”
“Guan Heng is a former resident of China who did something amazing: He defied the country’s authoritarian government and documented the abuses of Uyghur Muslims.
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A few months ago, in August, ICE detained him after he admitted he had initially entered the country illegally. Immigration authorities would now like to deport him, either to Uganda—where he would likely be taken back to China—or to China directly.”
The US is having trouble building its navy partially because it doesn’t have enough skilled people. It takes 8 years to get people fully up to speed, and it is having trouble keeping its aging workforce on the job.
“American farmers exported more than 26 million metric tons of soybeans to China annually during Biden’s term. Trump’s deal with China would cover less than half that amount
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Since 2017, America has exported more than 22 million metric tons of soybeans to China in every year except two. Those years? The first was 2018, when China cut off purchases of American soybeans in response to Trump’s tariffs targeting American imports of Chinese goods. The second was this year, when China did the same thing in response to another set of tariffs imposed by the Trump administration.”
China is using its stranglehold on rare earth minerals to wage economic warfare against the world. If a company wants such materials from somewhere else, they will be more expensive, and those companies’ products will no longer be competitive.