Tariff Relief: US Goods Get China Pass

China has reportedly compiled a list of U.S.-made goods to be potentially restricted or banned from state-owned enterprises (SOEs) and other government entities. This move, driven by concerns over data security and aimed at bolstering domestic technology, mirrors similar restrictions imposed by the U.S. on Chinese companies. The initiative is still reportedly in its early stages and the specifics of the products and timing remain unclear. The list targets U.S. technology perceived as posing a security risk and products where viable Chinese alternatives exist. This action aims to replace foreign technology with domestic counterparts, fostering the growth of China's indigenous tech sector. This potential restriction underscores the escalating tech rivalry between the U.S. and China. It reflects China's increasing focus on achieving technological self-sufficiency and reducing reliance on foreign imports, particularly in sensitive sectors. The potential impact on U.S. tech companies, particularly those heavily reliant on the Chinese market, could be significant, leading to decreased sales and market share. The move could further complicate already strained relations between the two economic superpowers. find the original article here: https://finance.yahoo.com/news/china-creates-list-us-made-040548359.html