© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BIDEN SAYS PEOPLE'S SAVINGS ARE SECURE

MNI BRIEF: US Bank Deposits Fell USD98B Week Of SVB Collapse

MNI BRIEF: Data Not Justifying ECB Hike Beyond Expectations

MNI DATA FORECASTS: EZ Inflation data in focus

BNB Business Sentiment Boosted by Strong Services Demand

MNI: BELGIUM MAR BNB BUSINESS SURVEY -7.6

MNI BRIEF: Yellen Says Americans' Deposits Are Safe

MNI BRIEF: Italy ESM Ratification Framed In EU’s Fiscal Debate

MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

US, Japan, Netherlands Close In On Export Controls Deal

US-CHINA
EM BulletFixed Income NewsHomepagePolitical RiskPolitical Risk BulletBulletMarketsEmerging Markets NewsForeign Exchange NewsEuropeUSBank of Japan (BOJ) Market NewsPolitical Market News

Reuters reporting that officials from the Netherlands, Japan, and the United States are closing in on a deal to implement trilateral export controls on China to restrict the sale of components used in the manufacture of high-tech semiconductors.

  • White House National Security Council Spokesperson John Kirby confirmed that the meetings, led by US National Security Advisor Jake Sullivan, concerned issues "important to all three of us," and told reporters that, "certainly the safety and security of emerging technologies is going to be on that agenda."
  • Reuters: "Sources have told Reuters that a deal between Dutch and US officials could be clinched by the end of the month."
  • If Japan and the Netherlands sign onto the US initiative, China will be excluded from the near total supply chain of high tech components. It would amount to a significant political win for Biden's administration who enacted the export controls unilaterally in October without broad support from either Japan or the Netherlands.
  • The components manufactured in Japan, the US, and the Netherlands are considered essential to China's development in artificial intelligence, supercomputing, and hypersonic missile technology.
180 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Reuters reporting that officials from the Netherlands, Japan, and the United States are closing in on a deal to implement trilateral export controls on China to restrict the sale of components used in the manufacture of high-tech semiconductors.

  • White House National Security Council Spokesperson John Kirby confirmed that the meetings, led by US National Security Advisor Jake Sullivan, concerned issues "important to all three of us," and told reporters that, "certainly the safety and security of emerging technologies is going to be on that agenda."
  • Reuters: "Sources have told Reuters that a deal between Dutch and US officials could be clinched by the end of the month."
  • If Japan and the Netherlands sign onto the US initiative, China will be excluded from the near total supply chain of high tech components. It would amount to a significant political win for Biden's administration who enacted the export controls unilaterally in October without broad support from either Japan or the Netherlands.
  • The components manufactured in Japan, the US, and the Netherlands are considered essential to China's development in artificial intelligence, supercomputing, and hypersonic missile technology.