Chip War: Is there an end to Tit-for-Tat China-US Trade Restrictions?...Coup in Niger | Counting the Cost #Aljazeeraenglish #News

 

1,555 views Aug 5, 2023 #Aljazeeraenglish #News

Semiconductor chips are a vital component used in devices including smartphones, electric cars, wind turbines and even missiles. They are now considered as crucial to economic production as oil. The United States is worried China could use chip technology to further develop its military power. It unveiled export controls in October to prevent Beijing from getting the most advanced ones. That marked the start of tit-for-tat trade restrictions and upped their geopolitical rivalry. In a recent move, China has begun to restrict the export of industry-critical materials. Elsewhere, after the coup in Niger, millions of its citizens could pay the price of sanctions. And can Egypt lure dollars back into its financial system?