President Donald Trump is stepping up US efforts to cut off China’s access to advanced technology, marking a continuation of restrictions first launched in his first term and continued under the Biden administration.
The primary victims of these technology bans are American companies that were once China’s preferred suppliers. The main beneficiaries are Chinese companies, some of which have been handed massive market opportunities stripped of their most formidable foreign competitors.
This has most recently been illustrated by new restrictions on exports to China of US semiconductor design technology, Nvidia’s H20 AI processor and jet engines for passenger aircraft.
