Under President Joe Biden, U.S. policy toward China has evolved from reciprocal tariffs and forceful strategies to focused measures such as technology.
Donald Trump is vowing to introduce massive tariffs that could shrink US-China trade to practically nothing while Biden also has new restrictions ready to roll.
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Some employees with U.S. citizenship departed the company. Three U.S. equipment suppliers almost immediately halted their shipments and services, and Europe and Japan are expected to do the same soon.