The export restrictions mainly cover advanced computing chips used for AI and build on curbs defined last year on the export of some chips to China itself. The new controls on AI chips will see quotas on exports to around 120 countries but 18 US allies and partners will be exempt. The list of free friends includes the likes of Japan and the UK.
The restrictions will take effect in 120 days, according to commerce secretary Gina Raimondo. So, Trump will have the opportunity to make changes to this if he wants to. But either way, China will definitely have to deal with another drop because tariffs are coming and they could hit fast and hard.
