US-China Microchip Trade War Ramps Up Ahead of Treasury Secretary's Beijing Visit

The microchip trade war between the United States and China is heating up. In what many described as a tit-for-tat move on July 3, China's communist regime restricted exports of gallium and germanium—both critical elements for manufacturing microchips and other hi-tech products. The move came as U.S. Treasury Secretary Janet Yellen was preparing to visit China. Ms. Yellen leaves for Beijing on Thursday.