“Such is the centrality of U.S. semiconductor firms in manufacturing chains that a ban by Washington could effectively cut off global semiconductor supplies,” Rory Green, Asia economist for TS Lombard told OilPrice.com earlier this week. “The result would be a modern day equivalent to the Japan oil embargo that was imposed by the U.S. [on August 1941, in response to Japanese actions in then-Indochina] and that was a key prompt for the attack on Pearl Harbour,” he said. “For hawks in the Chinese government, the U.S. actions against Huawei and its related companies would be very near to a declaration of war and if the U.S. does not grant another extension to the Huawei ban then the bad feeling this will generate in China will be enormous,” he added.
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