China has escalated trade tensions with the US, unveiling measures to counter recent restrictions imposed by the Biden administration on AI chip components. Beijing launched an antitrust probe into Nvidia Corp., restricted the export of rare materials used in military applications, and curbed sales of key drone components to the US and Europe. These steps signal readiness for a potential trade war under Donald Trump’s renewed presidency. Analysts note these actions aim to strengthen China’s negotiating position while addressing domestic economic pressures. Beijing is also considering yuan depreciation to offset tariff impacts.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02China has escalated trade tensions with the US,
00:04unveiling measures to counter recent restrictions imposed by the Biden administration on AI chip
00:09components. Beijing launched an antitrust probe in an NVIDIA corporation, restricted the export
00:14of rare materials used in military applications, and curbed sales of key drone components to the US
00:20and Europe. These steps signal readiness for a potential trade war under Donald Trump's renewed
00:24presidency. Analysts note these actions aim to strengthen China's negotiating position while
00:30addressing domestic economic pressures. Beijing is also considering wand depreciation to offset
00:35tariff impacts. For all things money, visit Benzinga.com slash GSTV.