DETROIT (Reuters) – The United States “will not tolerate” China’s effective ban on purchasing Micron Technology memory chips and is working closely with allies to address such “economic coercion”, it said. US Secretary of Commerce Gina Raimondo on Saturday.
Raimondo told a press conference after a meeting of trade ministers as part of the US-led Indo-Pacific Economic Framework talks that the United States “strongly opposes” the actions of the China versus Micron.
These “target a single American company without any basis in fact, and we view it as outright economic coercion and we will not tolerate it, nor do we believe it will succeed.”
(Reporting by David Lawder; Editing by Chizu Nomiyama)