us- china trade

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," US commerce Secretary Gina Raimondo said on Saturday.Raimondo told a news conference after a meeting of trade ministers in the US-led Indo-Pacific Economic Framework talks that the US "firmly opposes" China's actions against Micron. These "target a single US company without any basis in fact, and we see it as plain and simple economic coercion and…

Taiwanese chip designer MediaTek said on Friday it had applied to the US government for permission to continue supplying China's Huawei after new US curbs take effect in mid-September amid rising China-US tensions.The Trump administration in August expanded its curbs on Huawei and banned suppliers from selling chips made using US technology to the Chinese firm without a special licence.MediaTek, which analysts said could be among the worst affected following the latest curbs, said it will follow related global trade…