The “Tech War” between the US and China escalates – Here’s what you need to know!
Right now, the US and its allies are at “war” with China. Not the military kind…but a tech war. It’s a fight between East and West for AI, green energy, electric vehicles (EVs) and all-round technological supremacy. In the past, there have been tit-for-tat punches via tariffs on the imports/exports of goods and services. However, things have escalated since then with the Biden Administration’s latest jab involving more restrictions on the sale of advanced US technology to China. In response, China imposed an immediate ban on the exports of critical minerals to the US. So, which minerals? And what does this ban mean for the US?
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