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U.S. Export License Delays Cripple Tech Trade with China
U.S. Export License Delays Cripple Tech Trade with China
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BTCCSquare news:
The U.S. government is withholding approval for thousands of export licenses, leaving American companies in limbo—particularly those seeking to ship AI chips and other advanced technologies to China. Commerce Secretary Howard Lutnick faces mounting criticism as bureaucratic dysfunction stalls critical trade operations.
Nvidia's anticipated approvals for AI chip exports have failed to materialize despite prior assurances from Washington. The Bureau of Industry and Security cites unprecedented application volumes and unspecified security concerns, exacerbating supply chain uncertainties for tech firms.
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