Posted 12/20/2023, 11:06:22 AM
2024 Outlook: Rising US-China Tensions Over Taiwan, Tech Export Controls, and Presidential Elections
- Taiwan's presidential election in January could raise tensions between US and China depending on how China reacts.
- The 2024 US presidential election poses risks, with a potential Trump return being China's "worst nightmare" after past trade wars and tensions.
- US export controls on semiconductors to China will likely intensify in 2024, though China has limited leverage to retaliate.
- China restricted exports of rare earth metals needed for chip production, a potential escalation.
- The US plans major new export enforcement actions in 2024 regarding technology transfers to China.