Finding paths through a bumpy world

“Consensus or conflict?” is a hard question to ask in the midst of a trade and technology war between the US and China. The Trump administration imposed a tariff of nearly 20% on most US imports from China and imposed the first-ever technology sanctions with extraterritorial reach, banning sales of semiconductors and the means of manufacturing them from third countries that employ substantial amounts of US technology.

The US persuaded the Dutch government to stop sales of advanced chip lithography equipment to China by ASML – the only manufacturer of extreme ultraviolet machines, which are required to make the most advanced chips.