Is A 'Critical Software' Ban On China Next? Trump Weighs New Sanctions

Benzinga

Trump is considering sanctions to block exports of products using U.S. software, escalating tensions with China ahead of his meeting with Xi Jinping. Tech giants rose while chip stocks slid on trade and earnings concerns.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02President Donald Trump is weighing sanctions that would block exports of products made with

00:06U.S. software from laptops to jet engines, escalating trade tensions with China,

00:10who would fulfill his October 10th pledge to impose controls on any and all critical

00:14software following Beijing's restrictions on rare earth exports, according to Reuters.

00:18Trump's threat comes shortly before his planned meeting with Chinese President Xi Jinping

00:22in South Korea later this month. Tech stocks like Microsoft and Alphabet traded higher,

00:26while chip stocks including NVIDIA, AMD, and Marvel fell following Texas Instruments' weak

00:31earnings and muted guidance. For all things money, visit Benzinga.com.

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