China Pushes Back on Ban
Unsurprisingly, Chinese officials have been quick to voice their dissent. A spokesperson from the Ministry of Foreign Affairs condemned ‘the US’s generalization of the concept of national security and discriminatory practices.’ Retaliation is likely.
Relations between US and China have been tense in the last few years, with former President Donald Trump adopting a particularly hardline stance against the superpower, including banning Huawei from sale in the US. This latest move seeks to loosen China’s grip on the US market.
The news is set to divide opinion within the US. On the one hand, industry stakeholders will worry that this proposal could stifle innovation and growth. At the same time, it will likely be met with delight by people who are wary of China’s geopolitical power.
The news will likely also be welcomed by Elon Musk, whose Tesla line up faces increasing competition from Chinese companies, although he did recently speak out against the 100% tariff on Chinese electric vehicles, imposed by Biden.
