00:00It's Benzinga bringing Wall Street to Main Street.
00:02China has escalated trade tensions with the US,
00:04unveiling measures to counter recent restrictions imposed by the Biden administration on AI chip
00:09components. Beijing launched an antitrust probe in an NVIDIA corporation, restricted the export
00:14of rare materials used in military applications, and curbed sales of key drone components to the US
00:20and Europe. These steps signal readiness for a potential trade war under Donald Trump's renewed
00:24presidency. Analysts note these actions aim to strengthen China's negotiating position while
00:30addressing domestic economic pressures. Beijing is also considering wand depreciation to offset
00:35tariff impacts. For all things money, visit Benzinga.com slash GSTV.
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