China Sues US For Sanctions on the Semiconductor Industry
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
China Sues US For Sanctions on the Semiconductor Industry
China Sues US , For Sanctions on , the Semiconductor Industry.
On December 12, China launched a World Trade Organization
(WTO) case against the United States over export
controls imposed by the Biden administration.
On December 12, China launched a World Trade Organization
(WTO) case against the United States over export
controls imposed by the Biden administration.
'Newsweek' reports that it was the first response
to far-reaching sanctions put in place by
the White House on national security grounds.
According to industry experts,
U.S. intervention was aimed at retaining
American primacy in emerging technologies.
.
China's lawsuit in the WTO is a necessary
way to address our concerns through
legal means and to defend our
legitimate rights and interests, China's Commerce ministry, via 'Newsweek'.
China reportedly accused the U.S.
of vague national security definitions
and abusing export measures.
According to China's trade ministry,
the "protectionist trade practice"
threatened the stability of global supply chains.
'Newsweek' reports that China
is the world's number one producer
of commercial electronic devices.
.
The U.S. and allied companies
control crucial checkpoints
in semiconductor technology.
.
According to the Biden administration, China's
advanced chips are powering the country's military
modernization and endangering U.S. national security.
According to the Biden administration, China's
advanced chips are powering the country's military
modernization and endangering U.S. national security.
As we have already communicated to
the [People's Republic of China], these
targeted actions relate to national security,
and the WTO is not the appropriate forum
to discuss issues related to national security, Adam Hodge, Spokesperson for the Office of
the U.S. Trade Representative, via 'Newsweek'
Mary Ng, Canada's Minister of Export Promotion, International Trade, and Economic Development, plans to engage with Indian Minister Piyush Goyal during the WTO ministerial meet in Abu Dhabi. Discussions on the Early Progress Trade Agreement (EPTA) have stalled since August. Despite setbacks, Ng expresses optimism, highlighting ongoing trade-related engagements between Canadian and Indian officials to strengthen bilateral relations.
#MaryNG #Canada #CanadaIndia #PiyushGoyal #JustinTrudeau #AbuDhabi #WTO #EPTA #Nijjar #Trudeau #Worldnews #Oneindia #Oneindianews
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Ahead of a planned tractor march by BKU and SKM, Noida Police issues a traffic advisory for potential disruptions at Delhi-Noida borders. Prohibitory orders under Section 144 are in place, with additional personnel deployed. Alternative routes advised; farmers halt march towards Delhi. SKM observes 'Quit WTO Day', demanding agriculture's exclusion from WTO discussions.
#FarmersProtest #FarmerProtests2024 #KisanAndolan #BKU #SKM #NoidaPolice #DelhiPolice #DilliChalo #WTO #Indianews #Worldnews #Oneindia #Oneindianews
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Discover the reasons behind President Biden's decision to block the Palestine statehood bid at the United Nations Security Council. Delve into the complexities of the Israeli-Palestinian conflict and the implications of the US stance. Stay informed with this comprehensive breakdown.
#USNews #UNNews #UnitedNations #PalestinianStatehood #Palestine #Israel #Hamas #IsraelIran #IsraelPalestine #IsraelHamas #Oneindia
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Welcome to the International News Wrap, your go-to source for the latest developments from around the globe, exclusively on OneIndia. From the unprecedented floods in Dubai to the escalating tensions threatening a potential third World War, there's no shortage of significant events shaping the international landscape. Today, we cover a spectrum of stories, from the heartwarming return of a Kerala woman from Iran to the crucial push by President Biden to secure aid for Ukraine. Stay tuned as we delve into the top international developments of the day, keeping you informed and up-to-date on the latest happenings across the world.
#InternationalNews #MountRuang #IndonesiaVolcano #DubaiFloods #RussiaUkraineWar #IsraelIranConflict #Russi #Germany #Biden #Oneindia
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Joe Biden has suggested his uncle may have been eaten by cannibals after his plane was shot down during the Second World War - as he said Donald Trump was.. Sky News
President Biden was in the Situation Room at the White House throughout Saturday evening watching, in real time, Iran's unprecedented attack on Israel unfold. Sky News
Iran has launched an attack on Israel, the White House says in a statement ... and, Israeli Prime Minister Benjamin Netanyahu says the country's prepared. In a.. TMZ.com
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden Cancels Over $7 Billion in Student Debt , for More Than 277,000 Borrowers.
On April 12, President Joe Biden said that over 277,000 borrowers in more than
40 states will have $7.4 billion in student
loan debt wiped out, 'The Hill' reports. .
To date, the Biden administration has canceled $153 billion in student loan debt. .
From day one of my administration,
I promised to fight to ensure higher
education is a ticket to the middle class,
not a barrier to opportunity. , President Joe Biden, via statement.
I will never stop working to cancel
student debt – no matter how
many times Republican elected
officials try to stop us, President Joe Biden, via statement.
'The Hill' reports that Biden's loan forgiveness has largely been aimed at helping
"public service workers, those on IDR plans," .
people who've been defrauded by educational institutions and those with disabilities. .
Republican Rep. Virginia Foxx, chair of the House Education Committee, issued a statement in response to Biden's actions. .
The administration is tone deaf.
There’s no other way to put it, Rep. Virginia Foxx, chair of the House Education Committee, via statement.
We know that instead of doing its
job the administration focused
time, energy, and resources on
its illegal student loan scheme. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.
And that has been frustrating, especially
since it has jeopardized the academic
journey of millions of students, Rep. Virginia Foxx, chair of the House Education Committee, via statement.
But what is absolutely maddening is
that the administration is STILL not
doing its job and instead focusing on
its student loan shenanigans. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.
White House press secretary Karine Jean-Pierre said, , “We know what Republicans are going to do; we can’t
stop them from that. But it’s also not going to stop the president from acting and taking action, like he is today.”
Credit: Wibbitz Top Stories Duration: 01:30Published
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