The standoff—rooted in export controls by China and a rare state takeover by the Netherlands—thrusts the auto sector into the center of a chip supply dispute.
The sanction against five U.S.-linked subsidiaries of Hanwha was imposed on the same day Beijing and Washington implemented port fees on each other’s ships.
‘We stand with our Philippine allies as they confront China’s dangerous actions which undermine regional stability,’ says a State Department spokesperson.
The standoff—rooted in export controls by China and a rare state takeover by the Netherlands—thrusts the auto sector into the center of a chip supply dispute.
The sanction against five U.S.-linked subsidiaries of Hanwha was imposed on the same day Beijing and Washington implemented port fees on each other’s ships.
‘We stand with our Philippine allies as they confront China’s dangerous actions which undermine regional stability,’ says a State Department spokesperson.