The United States advances semiconductor export controls against China and plans to sanction Chinese oil refineries.

Foreign media: This month, the U.S. House Foreign Affairs Committee advanced 20 new export control measures aimed at restricting China's access to advanced semiconductor manufacturing equipment, and urged allied countries such as the Netherlands and Japan to strengthen controls on equipment sales to China; meanwhile, the U.S. Department of Commerce ordered a halt to the export of certain chip tools to Hua Hong Semiconductor, a subsidiary of SMIC. At the same time, the United States plans to sanction a Chinese "tea kettle" refinery importing oil from Iran, in an effort to cut off Iran's funding sources.

Analysts point out that these moves are intended to bolster Trump’s negotiating leverage, but China, having already reduced its reliance on the U.S. market, remains resilient and is unlikely to yield easily.

Original source: toutiao.com/article/1863907101902851/

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