US President Biden to hit China with broader curbs on US chip, tool exports – Reuters China UnitedStates TradeWar AUDUSD
“The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three US companies -- KLA Corp, Lam Research Corp and Applied Materials Inc.”
A senior Commerce official said: "As a general rule, we look to codify any restrictions that are in is-informed letters with a regulatory change."AUD/USD is bearing the brunt of the renewed US-China tensions and covid resurgence in Beijing, shedding 0.18% on the day to trade at 0.6826, as of writing.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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