CNBC: Yellen says she’s ‘concerned’ about China’s new export controls

Chess game. Two team stand confront each other on China and USA national flags. Trade war concept.

© Tanita Chunsiripongpann

By LoadstarEditorial

07/07/2023

CNBC reports:

U.S. Treasury Secretary Janet Yellen said Friday she is “concerned” about the export controls China announced this week.

China’s Ministry of Commerce announced Monday that starting Aug. 1, companies in China that want to export two metals used in semiconductor manufacturing would need to apply for licenses.

“I am also concerned about new export controls recently announced by China on two critical minerals used in technologies like semiconductors,” Yellen said in prepared remarks for a meeting with U.S. businesses in Beijing…

To read the full post, please click here.

Comment on this article

You must be logged in to post a comment.

Topics

China CNBC USA

Most read news

US port strike called off as ILA and USMX reach 'tentative' agreement

$7bn infrastructure project heads list of expansion plans for India's busy ports

Alliance reshuffle will increase box ship shortage as carriers hunt 'buffers'

Three new services and a transpacific focus for Ocean Alliance in 2025

Evergreen staff bonuses soar again, as carrier profits triple

Shipping Australia calls for end to 'disruptive' port strikes

Launch of new tariffs 'a speeding train', be ready, US importers warned

Ripples from 2025 CNY 'may still be rocking the boats in summer'

Global revenues soar, but loss of steam for OOCL's Asia-Europe trade

DSV-Schenker goes lone wolf – the pack hunts for bolt-ons

'Military asset' listing sees Cosco and CCA barred from Pentagon contracts

Air cargo sees flurry of new routes between Europe and Asia

Cosco to play a major role in China's container hub ambitions for Yangpu Port

USEC dispute end comes too late to stop transpacific spot rate climb

Scant room for sustainable growth in aviation, says watchdog T&E

Maersk eyes growing India-US trade and adds Mundra call to MECL1