China has found an interesting way to retaliate against sanctions
imposed on one of its companies accused of helping Russia fight
Ukraine: it found a small European company dependent on access to
rare-earth elements exported from China, which in turn is a crucial
supplier to major manufacturer of chipmaking equipment ASML, and put
the screws on that.
Result: the Europeans have agreed a deal to drop those particular
sanctions <https://www.tomshardware.com/tech-industry/semiconductors/eu-negotiates-sanction-swap-with-china-to-rescue-critical-asml-supplier-german-coatings-firm-faces-shutdown-without-chinese-rare-earths>.
I don’t think even the current US leadership has managed any move that
was just as cleverly strategic ...
China has found an interesting way to retaliate against sanctions
imposed on one of its companies accused of helping Russia fight
Ukraine: it found a small European company dependent on access to
rare-earth elements exported from China, which in turn is a crucial
supplier to major manufacturer of chipmaking equipment ASML, and put
the screws on that.
Result: the Europeans have agreed a deal to drop those particular
sanctions <https://www.tomshardware.com/tech-industry/semiconductors/eu-negotiates-sanction-swap-with-china-to-rescue-critical-asml-supplier-german-coatings-firm-faces-shutdown-without-chinese-rare-earths>.
I don't think even the current US leadership has managed any move that
was just as cleverly strategic ...
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