The new phase of the US-China tech war risks a whole lot of collateral damage

The new phase of the US-China tech war
risks a whole lot of collateral damage

No matter the outcome in November, the leader who stays or moves back into the White House looks ready to risk all kinds of collateral damage as America strives to contain China's ambitions for technological hegemony. 

Signs of an ugly new phase in the US-China tech war appeared on Wednesday after it emerged that the Biden administration was ready to put China in a full-strength chokehold by implementing "the most severe trade restrictions" available, Bloomberg reported. 

Specifically, the restrictions would target companies far beyond US waters, such as the Dutch firm ASML and the Japanese company Tokyo Electron, which provide high-value, specialized equipment for the chip industry, which China is racing to advance in.

By Hasan Chowdhury.

Full story at Yahoo News.