Economic news
Chamber of Commerce sees new US export crackdown on China, email says
2024.11.22 15:59
By Alexandra Alper
WASHINGTON (Reuters) – The Biden administration is set to unveil new export restrictions on China as soon as next week, the U.S. Chamber of Commerce told members on Thursday, according to an email seen by Reuters on Friday.
The new regulations could make up to another 200 Chinese chip companies subject to a trade restriction list that bars most U.S. suppliers from shipping goods to the targeted firms, the email from the powerful Washington-based lobbying group said.
The Chamber of Commerce did not immediately respond to a request for comment. The U.S. Commerce Department declined to comment.
