"The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of rare earth export restrictions, according to a US official and three people briefed by US authorities. While the plan is not the only option on the table, it would make good on Donald Trump's threat earlier this month to bar critical software exports to China"
"On 10 October, Trump said in a social media post that he would impose additional tariffs of 100% on China's US-bound shipments, along with new export controls on any and all critical software by 1 November without further details. To be sure, the measure, details of which are being reported for the first time, may not move forward, the sources said."
U.S. officials are considering restricting a wide range of software-powered exports to China, including goods that contain U.S. software or were produced using U.S. software, as a response to China's rare earth export limits. The measure would implement Donald Trump's earlier public threat to impose 100% tariffs on China-bound shipments and to enact new export controls on critical software by 1 November. The proposal may not be finalized, and narrower alternatives are under discussion. The potential controls have prompted brief U.S. stock declines. The White House and Commerce Department did not comment. China opposed unilateral long-arm jurisdiction measures and warned of resolute countermeasures.
Read at www.theguardian.com
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