US: Chinese ban on Micron chips is economic coercion and will not be tolerated

It looks we don't like the taste of our own medicine

The United States will not ‘tolerate’ China’s wholesale ban on the use of Micron chips, according to US Commerce Secretary Gina Raimondo. She argues that the US will crack down on such ‘economic coercion’.

Raimondo claims that China is targeting a single US company “without factual basis”, Bloomberg writes. “We simply see it as economic coercion and we won’t tolerate that. Nor do we think it’s going to be successful.” The country will now decide what follow-up steps to take, the economy minister reveals. Earlier this week, a US lawmaker, Mike Gallagher, already proposed imposing trade restrictions on ChangXin Memory Technologies, a Chinese manufacturer of memory chips. However, Raimondo did not want to comment on that proposal.

A week ago, China banned the use of Micron chips by operators of “critical Chinese infrastructure”. That may include the telecoms sector and financial institutions such as state-owned banks. The country claims products from the US memory chip maker do not meet its security assessment and would create “serious risks” in network security. Exactly to which Micron products the ban applies, China did not specify.

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