Export Controls
“It is a problem for America that we are so reliant on Taiwan” for semiconductors today, Raimondo said.
Another element of the Asia economic framework is working to harmonize export controls to limit sensitive products that head to China “and other autocratic regimes,” Raimondo said.
“The devil is deeply in the details” on export controls, she also said, because measures shouldn’t be “overly broad,” such that they deny revenue that companies need to plow into their research and development.
“If America puts export controls vis-a-vis China on a certain part of our semiconductor equipment, but our allies don’t do the same thing, and China can therefore get that equipment from our ally, that’s not effective,” Raimondo said.
A third area for the new framework is writing technical standards and rules for artificial intelligence and cybersecurity, Raimondo said. “Working with our allies to together define the standards of what is responsible, ethical artificial intelligence -- that’s massively valuable.”
Chinese Foreign Ministry spokesman Wang Wenbin said Friday at a regular press briefing in Beijing that the U.S. has been abusing its power to politicize issues involving trade and technology.
He also accused Washington of trying to “set up barriers to undermine international rules and sever the global market.”
Without paywall. Any thoughts, lads?