The release states that the purpose of the export controls is to “protect U.S. According to a release issued by the Bureau of Industry and Security. The US Department of Commerce has implemented sweeping new export controls that will require companies to receive a license to export US-made advanced computing and semiconductor products to China. US-China relations in the Biden-eraĭay 625 to 631: October 7 – 13, 2022: US Department of Commerce implements new export controls on advanced computing and semiconductors to China. Here, we present a fresh timeline that will track key developments affecting bilateral ties between the world’s two largest economies under the Biden administration. Will the Biden administration be accommodating of China or take advantage of the new status quo established under his predecessor?Ĭhina Briefing previously monitored and documented major developments during the US-China trade war in the Trump era. Since Biden’s election, political and business stakeholders have been paying close attention to the direction of the new White House administration’s policy towards China. The four years witnessed escalating trade tensions culminating in a trade war and sanctions on Chinese technology companies. On January 20, 2021, Joe Biden was sworn in as the 46 th president of the United States, offering a chance to change the course of US-China relations, which had hit a low point under the outgoing Trump administration. This article was originally posted on March 22, 2021, and last updated on October 13, 2022.
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