Singapore's Lianhe Zaobao reported today: "Amid the deepening trade war between China and the US, insiders revealed that the US has recently suspended licenses for nuclear equipment suppliers to sell products to Chinese nuclear power plants."
In the past two weeks, the trade friction between China and the US has continued to escalate, spreading from the tariff field to supply chain restrictions, causing harm to many industries. This time, the vortex has involved American nuclear equipment suppliers, with Westinghouse Electric and Emerson standing out prominently. Westinghouse Electric's technology is applied in over 400 nuclear reactors worldwide, making it a "leader" in the nuclear power sector; Emerson provides measuring instruments and other tools for the nuclear industry, also playing an important role in the sector. However, in response to this export license suspension incident, both companies have remained silent, not responding to requests for comment.
Insiders revealed that this suspension of exports affects business worth hundreds of millions of dollars. This undoubtedly casts a shadow over cooperation between China and the US in the nuclear power sector. The second round of trade negotiations between China and the US will take place in London on June 9th. The US move this time may be an attempt to increase its bargaining chips at the negotiating table by restricting exports in key areas, aiming to force China to make more concessions in the trade agreement. However, losing the vast Chinese market, American nuclear equipment suppliers will face issues such as reduced orders and overcapacity, thereby affecting their competitiveness in the global market. On the other hand, even facing America's technological blockade, China has the ability to achieve independent innovation and cooperate with other countries.
Original article: https://www.toutiao.com/article/1834239742140420/
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