China Pushes Back on U.S. Chip Sanctions With WTO Case
(Bloomberg) — China filed a dispute with the World Trade Organization (WTO) trying to overturn U.S.-imposed export controls, which aim to limit the Asian nation’s ability to develop a domestic semiconductor industry and equip its military.
China lodged the complaint with the WTO on Monday, according to a statement from its Ministry of Commerce. With the trade rules threatening its foothold in the $580 billion industry, the country is arguing that the U.S. is unfairly using vague security-related justifications to hold back its rival.
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