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US considering curbs on exports to China made with US software: Reuters
The US plan targets products made with American software to counter China’s rare earth export limits, risking disruption to global supply chains and trade, sources said.
- The United States is considering a sweeping plan to curb exports to China made with or containing U.S. software, targeting products including laptops and jet engines, Reuters reports.
- In retaliation for Beijing's rare earth controls, President Donald Trump earlier pledged 100% tariffs on Chinese exports and to block `critical software` exports by Nov 1.
- Analysts note the plan would mirror previous Russia curbs, targeting semiconductors, AI processors, aerospace systems and consumer electronics, while extending Washington’s reach into global supply chains.
- Among stocks, chipmakers and EDA firms were hit, with the S&P 500 falling 0.6% below 6,700 and the Nasdaq 100 dropping 1.2% to 24,820, Benzinga Pro data shows Synopsys down 1.97% to $452.70 and KLA dipping to $1,109.75 M.
- A White House official declined to comment, the Commerce Department did not respond, and China's embassy in Washington opposed U.S. `long-arm jurisdiction` ahead of a scheduled meeting later this month.
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Software is the next battleground in the US-China tech war
The proposed curbs would apply to a wide range of consumer and industrial products, from laptops to jet engines powered by software from American companies. The news comes ahead of a critical round of trade negotiations between the two countries in Malaysia later this week.Read Entire Article
Trump may curb 'critical software' exports to China in rare earth retaliation: Report
The Trump administration is considering a plan to curb a dizzying array of software-powered exports to China, from laptops to jet engines, to retaliate against Beijing's latest round of rare earth export restrictions
·Mumbai, India
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Coverage Details
Total News Sources53
Leaning Left5Leaning Right9Center11Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 20%
C 44%
R 36%
Factuality
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