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…

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