"China is signaling 'we're willing to threaten your primary growth driver,' which is AI, says Chris Miller, the author of 'Chip War: The Fight for the World's Most Critical Technology.'"
"I think people are looking to see whether the Trump administration builds alternative sources of leverage against China that forces them to back down," Miller tells Axios."
"The Trump administration is "closely assessing any impact from the new rules.""
"The measures "were announced without any notice and imposed in an apparent effort to exert control over the entire world's technology supply chains," the official adds."
China tightened export controls on rare earths and plans to add more elements and products that contain them. The measures build on April restrictions and hit sectors including semiconductors and defense. Some controls begin in November, ahead of a planned U.S.-China meeting and before a 90-day trade truce extension expires. U.S. export controls limit China’s access to advanced chips, intensifying a competition over inputs crucial for AI. The Trump administration is closely assessing impacts and views the rules as an effort to exert control over global technology supply chains. No other country matches China’s rare-earth production and processing dominance. A prior temporary truce nearly collapsed amid accusations that Beijing withheld minerals.
Read at Axios
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