US to look at further restrictions on tech exports to China

Platform Industry: US and China Relations and Politics

The Biden admin will look at adding “new targeted restrictions” on certain sensitive technology exports to China in cooperation with allies, a senior official has said ahead of the new president’s first call with Communist China’s leader.

The US will also not move to lift Chinese trade tariffs imposed by the Trump administration before it has conducted “intense consultation and review” with allies, the official told reporters during a briefing.

“We are maintaining those tariffs while we conduct our review because we’re not going to act precipitously,” he said.

“President Biden’s major criticism of the Trump strategy here was not that he wasn’t getting tough on China on trade, but that he was doing so alone, while also fighting our allies.”

The official said no decisions had been made yet on whether to lift the tariffs and that there would be areas of “continuity” with Trump’s policies.

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“One of them is to ensure that we are not supplying highly sensitive technology that can advance China’s military capabilities. We will be bearing down on that,” he said, adding the administration would look at new targeted restrictions on technology exports to China in consultation with US allies.

The official said Biden aimed to quickly work with the GOP to boost public investment in technology sectors crucial to the United States’ economic edge, including semiconductors, biotech and AI.

On the phone call with Xi, Biden “underscored his fundamental concerns about Beijing’s coercive and unfair economic practices, crackdown in Hong Kong, human rights abuses in Xinjiang, and increasingly assertive actions in the region, including toward Taiwan,” the White House said in a statement.

The team at Platform Executive hope you have enjoyed this news article. Translation from English to other languages via Google Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Michael Martina and David Brunnstrom. Editing by Christian Schmollinger and Grant McCool.

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