How Companies Are Dealing with US Restrictions on Chip Exports to China
- The U.S. Commerce Department announced a series of new trade restrictions earlier this month that banned the export of some computer processing chips to China.
- So far, chip companies have reacted carefully to the ban. While recognizing the government's concerns, they have noted they were not given a chance to discuss the policy with US officials before it was announced.
Inflationary Headwinds
- De-globalization and decarbonization are both very inflationary
- Both parties seem OK with the former while not so much the latter
- Decarbonization by the US and EU Left greatly adds to the mess
- Weaponizing currency reserves and diplomats on top of this is madness
https://mishtalk.com/economics/biden-launches-a-full-blown-economic-war-on-china-it-will-backfire
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