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How could the US-China chip war impact you?

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If you plan to buy a smart phone or an electric car, China's export restrictions on products used in computer chips and other components could be bad news for you. The decision announced earlier this week is widely seen as retaliation for U.S. curbs on sales of technologies to China.

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China's abrupt announcement of controls from Aug. 1 on exports of some gallium and germanium products, also used in electric vehicles (EVs) and fibre optic cables, has sent companies scrambling to secure supplies and bumped up prices.

On Wednesday, former Vice Commerce Minister Wei Jianguo told the China Daily newspaper that countries should brace for more should they continue to pressure China, describing the controls as a "well-thought-out heavy punch" and "just a start".Subscribe: http://smarturl.it/reuterssubscribe

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