Opinion
SMIC the wrong bargaining chip
The Trump administration’s tough line on China is popular with voters. But reducing free trade always raises costs, whatever the political logic.
The Lex ColumnThe US government has imposed long-rumoured sanctions on China’s biggest chipmaker. China’s tech industry relies heavily on Semiconductor Manufacturing International Corporation (SMIC) for its micro processors.
But the damage from this latest escalation of the trade war will be felt by US as well as Chinese businesses.
Financial Times
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