China reprimands U.S. for economic bullying over semiconductor restrictions
The Chinese embassy in the Philippines criticized the U.S. for voicing further restrictions on chip exports to China on Thursday, saying the act violates market norms and disrupts global supply chains.
The implementation of semiconductor export restrictions by U.S. not only contravenes the most-favored-nation treatment principle outlined in Article 1 of the General Agreement on Tariffs and Trade, and the provisions of the WTO Agreement on Technical Barriers to Trade, but also goes against market laws, disrupts normal trade order, impacts the international production and supply chain stability, and constitutes blatant economic bullying, a spokesperson of the Chinese embassy in the Philippines said on Thursday.
The U.S. justifies restricting chip exports to China on the grounds of "national security," but those measures overstretch the scope of national security, obstruct trade of civilian-use chips, the spokesperson said.
The criticism comes in the wake of a visit by a U.S. delegation to the Philippines, led by the U.S. Commerce Secretary Gina Raimondo, during which, “security issues were prominently discussed over pragmatic cooperation between the Philippines and the U.S.,” the spokesperson said, accusing the U.S. of coaxing and misleading allies into opposing China's technological progress, questioning the sincerity of the U.S. in addressing the Philippines' development challenges.
China urges the U.S. to cease politicizing and weaponising economic, trade, and technological issues, and discourages its allies from decoupling and disrupting supply chains with China. China has vowed to take necessary measures to protect its legitimate rights and interests, said the spokesperson.
During her visit, Raimondo announced more than $1 billion in investments by American companies in the Philippines, while saying that the U.S. "will do whatever it takes" to limit China's technological capabilities, Bloomberg reported on Monday.
Related articles
With Djokovic awaiting the winner, Murray trails Hanfmann at rain
GENEVA (AP) — Needing a win to face Novak Djokovic next at the Geneva Open, Andy Murray was saved by2024-05-21Hazing concerns prompt University of Virginia to expel 1 fraternity and suspend 3 others
CHARLOTTESVILLE, Va. (AP) — Concerns about hazing have prompted the University of Virginia to termin2024-05-21CORSET addict, 48, who wears a steel
A corset addict who wears a steel-bone cincher for 16 hours a day in an attempt to break the record2024-05-21Semenyo scores to help Bournemouth beat Wolverhampton 1
WOLVERHAMPTON, England (AP) — Antoine Semenyo scored to help 10-man Bournemouth beat Wolverhampton 12024-05-21Strictly star Nadiya Bychkova reveals she doesn't know if she's on the show's 2024 line
Strictly star Nadiya Bychkova has revealed she doesn't know if she's secured a place on the BBC show2024-05-21Maine sheriff's fate rests with governor after commissioners call for his firing
AUGUSTA, Maine (AP) — Gov. Janet Mills plans to act within “a reasonable amount of time” on whether2024-05-21
atest comment