The United States 'won't tolerate' China's effective ban on purchases of Micron Technology memory chips and is working closely with allies to address such 'economic coercion,' U.S. Commerce Secretary Gina Raimondo said on Saturday.
The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. REUTERS/Aly Song
DETROIT, May 27 - The United States "won't tolerate" China's effective ban on purchases of Micron Technology memory chips and is working closely with allies to address such "economic coercion," U.S. Commerce Secretary Gina Raimondo said on Saturday. Raimondo told a news conference after a meeting of trade ministers in the U.S.-led Indo-Pacific Economic Framework talks that the U.S. "firmly opposes" China's actions against Micron.
These "target a single U.S. company without any basis in fact, and we see it as plain and simple economic coercion and we won't tolerate it, nor do we think it will be successful."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
N.J. filmmaker focuses his lens on China in new PBS doc ‘China: Frame by Frame’Bergen County native Bill Einreinhofer hopes his documentary 'China: Frame by Frame' interests viewers in the country.
Read more »
U.S., China's top commerce officials meet to discuss trade concernsThe meeting between Secretary of Commerce Gina Raimondo and her Chinese counterpart Wang Wentao marks the first cabinet-level U.S-China exchange in months.
Read more »
U.S., Chinese commerce chiefs raise complaints on trade, investment, export policiesU.S. Commerce Secretary Gina Raimondo and Chinese Commerce Minister Wang Wentao traded barbs on trade, investment and export policies in talks on Thursday described by Raimondo's office as 'candid and substantive.'
Read more »
Will Chinese hacking derail U.S. hopes for a thaw with Beijing?The State Department is warning American firms to be on guard for a new type of malware that it says a Chinese state-sponsored hacking group has been trying to insert into the computer systems of critical infrastructure across the U.S, including in Guam.
Read more »
Factbox: What is Volt Typhoon, the alleged China-backed hacking group?Its name is redolent of an exotic electrical storm. But is the freshly christened hacking group 'Volt Typhoon' an imminent danger to American infrastructure, or just a new crop of digital spies playing an old game?
Read more »