Flirting hard with India doesn't mean US is breaking up with China
The US's moves to secure closer trade ties with India do not indicate a desire to decouple with China's tech industry, US secretary of commerce Gina Raimondo said last week.a memorandum of understanding focused on semiconductors and supply chain resiliency. Raimondo led a ten-CEO delegation to the subcontinent to explore expanded business opportunities.
"The United States would like to see India achieve its aspirations to play a larger role in the electronic supply chain and the MOU that we signed is designed to help achieve that goal,""We see India as a trusted technology partner and we want to continue to deepen our technological relationship," she said, adding:"I want to be clear the United States does not seek to decouple from China nor does it seek a technological decoupling from China.
Raimondo clarified that technologies used for military technologies were the targets of export controls – not"the vast majority of trade with China." Most Sino-American trade, she explained, involves"benign products." "This isn't about decoupling. What it is about though is being eyes wide open to the fact that China is explicitly trying to to get access to American technology for use in its military and we need to protect ourselves and our allies and partners from that happening," declared the commerce secretary.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Is India-China infrastructure race damaging Himalayas?Scientists say the pace with which infrastructure is being built threatens the Himalayan ecosystem.
Read more »
China exerts control over internet cable projects in South China Sea\n\t\t\tJournalists in 50+ countries explore developments in global commerce from every perspective.\n\t\t\tFor Premium subscribers, we offer our dedicated ‘FT Free Trade’ newsletter every Tuesday and Thursday.\n\t\t
Read more »
India floats dedicated tribunal to handle internet offencesConsultation for the long-awaited Digital India Act is finally under way although the draft law's still not been revealed
Read more »
India is getting an eye-wateringly big transport upgradeOverhauling the country’s roads and railways will make it richer and much better-connected
Read more »
Shark Tank India: How a start-up in Kashmir is inspiring thousandsFastBeetle's success on Shark Tank India is motivating youngsters in the region to dream big.
Read more »
Infosys president leaves to join rival Tech Mahindra as CEOPLUS: Singapore tests AWS quantum network; Honda bulks autonomous truck; India tightens crypto laws; and more
Read more »