US is considering options for sanctions package against China
Taiwan is seeking new sanctions on China in addition to semiconductor and chip bans
According to the information, banning China can have a bad effect on the economy of many countries.
Washington, The US may soon announce sanctions on the dragon to prevent China from attacking Taiwan. According to a report by Reuters news agency, the US is considering options for a sanctions package against China to prevent possible attacks on Taiwan. At the same time, Taiwan is pressuring the European Union to impose such sanctions against China.
Taiwan is lobbying
Taiwan has been lobbying the US and the European Union at various levels amid fears of Chinese aggression. Although talks on sanctions are still in the early stages, US officials seem to be serious about imposing sanctions on China. Taiwan is demanding stricter action in addition to the US sanctions on some semiconductors and chips imposed on China. According to the report, the sources have not yet given any information about how the restrictions are being considered. But the demand to impose sanctions on the world’s second largest economy and the biggest link in the global supply chain is raising many questions. According to the information, banning China can have a bad effect on the economy of many countries.
Also, describing sanctions on China as tough, Nazak Nikhattar, a former senior US Commerce Department official, said the prospect of imposing sanctions on China is a much more complicated study than sanctions on Russia. Former officials believe that sanctions against China will have an impact not only on the world but also on America.
Taiwan’s ‘chip diplomacy’
Taiwan, which makes more than 90 percent of the world’s nanochips, has stepped up its chip diplomacy with restrictions on China. The US is prompting Taiwan’s semiconductor industry to set up units in its home country. In such a situation, instead of sending its highly advanced technology to America, Taiwan is pressuring China to impose sanctions. At present, America is understanding the consequences of imposing sanctions on China, after which it will be able to take some decision on it.
tags: china, The European Union, Taiwan, America
First published: 14 September 2022, 12:02 IST