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Omaha Steve

(99,703 posts)
Wed Aug 3, 2022, 10:39 AM Aug 2022

China blocks some Taiwan imports but avoids chip disruptions

Source: AP

By JOE McDONALD

BEIJING (AP) — China blocked imports of citrus, fish and other foods from Taiwan in retaliation for a visit by a top American lawmaker, Nancy Pelosi, but has avoided disrupting one of the world’s most important technology and manufacturing relationships.

The two sides, which split in 1949 after a civil war, have no official relations but multibillion-dollar business ties, especially in the flow of Taiwanese-made processor chips needed by Chinese factories that assemble the world’s smartphones and other electronics.

They built that business while Beijing threatened for decades to enforce the ruling Communist Party’s claim to the island by attacking.

Two-way trade soared 26% last year to $328.3 billion. Taiwan, which produces half the world’s processor chips and has technology the mainland can’t match, said sales to Chinese factories rose 24.4% to $104.3 billion.



FILE - Customers buy fruit at a stall in Taipei, Taiwan, Sept. 20, 2021. China has blocked imports of citrus and fish from Taiwan in retaliation for a visit to the self-ruled island by a top American lawmaker but avoided sanctions on Taiwanese processor chips for Chinese assemblers of smartphones and other electronics, a step that would send shockwaves through the global economy. (AP Photo/Chiang Ying-ying, File)


Read more: https://apnews.com/article/taiwan-technology-health-asia-china-4e66d6d2944204a5261b4bfbe0048688

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IronLionZion

(45,516 posts)
4. I'm sure other countries would like some citrus, fish, and other foods from Taiwan
Wed Aug 3, 2022, 02:38 PM
Aug 2022

China's dependence on Taiwanese processor chips makes it unlikely they will bomb the shit out of them. I hope.

rockfordfile

(8,704 posts)
5. We need to make more things in the USA. This is what Republicans have brought us since the 80s
Wed Aug 3, 2022, 03:20 PM
Aug 2022

"processor chips needed by Chinese factories that assemble the world’s smartphones and other electronics." Way to many things are made overseas in China.

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