With just days left in office, the Trump administration has blacklisted an additional nine Chinese companies, adding them to a long list of firms on the U.S. military blacklist and escalating the trade war on Beijing as the U.S. attempts to suppress China’s economic rise. The Department of Defense claimed that those on its list are
China Tech Ban Mirrors 1980s Attempts To Destroy Japanese Competition
In the 1980s, the US imposed a 100% tariff on virtually all Japanese electronics and forced Tokyo to sign a one-sided trade deal that reserved much of its domestic semiconductor sector for American companies.