• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 

2

I wrote that Boomers were choking America’s economy. Their responses to me were revealing

3

Current price of oil as of June 1, 2026

1

The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 

2

I wrote that Boomers were choking America’s economy. Their responses to me were revealing

3

Current price of oil as of June 1, 2026
China

Jake Sullivan calls China’s limits on chip metals a ‘self-defeating’ move that will spur others to ‘de-risk’ supply chains

By
Tony Czuczka
Tony Czuczka
and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Tony Czuczka
Tony Czuczka
and
Bloomberg
Bloomberg
Down Arrow Button Icon
July 16, 2023, 11:59 AM ET
China is hurting itself with export controls on key metals used in semiconductors, says  White House National Security Adviser Jake Sullivan.
China is hurting itself with export controls on key metals used in semiconductors, says White House National Security Adviser Jake Sullivan.Al Drago/Bloomberg via Getty Images

China will only harm itself with planned restrictions on the export of two key metals in the semiconductor, telecommunications and electric-vehicle industries, White House National Security Adviser Jake Sullivan said.

“I think it’s a self-defeating move because I believe that will only reinforce the determination of many other countries in the world to de-risk,” Sullivan said Sunday in an interview with CBS’s Face the Nation.

Those countries will be spurred “to find ways to reduce dependencies and increase the resilience of their own supply chains, including for the kinds of minerals that are at issue in this particular decision,” he said.

China has said that gallium and germanium, along with their chemical compounds, will be subject to export controls meant to protect Chinese national security starting Aug. 1. It’s the latest episode in a growing tit-for-tat trade war over dominance in technology between China on one side and the US and Europe on the other.

Read more: Chip Leaders Head to Washington to Lobby for China Rules Relief

President Joe Biden’s administration has been stepping up diplomacy to tell Beijing that while the US doesn’t intend to “decouple” from trade with China, it will defend what it views as its national security interests.

China’s export curbs follow US-led efforts to restrict exports of advanced chip-making technology to China and the Biden administration is said to be planning to block sales of some chips used to run artificial-intelligence programs. China is the dominant global producer of gallium and germanium. 

Sullivan again spelled out the broader US stance, which Treasury Secretary Janet Yellen conveyed to top Chinese officials during a trip to Beijing this month.

“We’re not looking to end all trade with China,” he said. “What we’re looking to do is have a small yard of restrictions on technology with national security implications and a high fence around that yard.”

“That’s what we’re going to continue to do and China of course will have to make its own decisions,” Sullivan said.

About the Authors
By Tony Czuczka
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

U.S. Soccer COO Dan Helfrich and Nike COO Venkatesh Alagirisamy
ConferencesCOO Summit
6 years of jersey design, 4 years of prep, 4 weeks of games: Execs at U.S. Soccer and Nike know how much this World Cup means
By Preston ForeJune 1, 2026
3 hours ago
Ravi Kumar S.
ConferencesCOO Summit
Cognizant CEO is swimming against the tide on AI: he’s hiring over 20,000 graduates this year and says AI tokenmaxxing is a ‘vanity metric’
By Preston ForeJune 1, 2026
4 hours ago
gg
ConferencesAutomation
The automation illusion: Why AI is making COOs’ jobs harder, not easier
By Nick LichtenbergJune 1, 2026
4 hours ago
Grey rhinos, black swans, and the kidnapping of Nancy Guthrie: What Corporate America still gets wrong about risk
Conferencescyber
Grey rhinos, black swans, and the kidnapping of Nancy Guthrie: What Corporate America still gets wrong about risk
By Nick LichtenbergJune 1, 2026
5 hours ago
gh
AIdisruption
The ‘godfather of AI’ says we’re not just creating new beings — they’ll be much smarter than us, and soon
By Nick LichtenbergJune 1, 2026
5 hours ago
‘Nobody’s safe’: Cognizant projected 90% of jobs would be disrupted by 2032—but we’re beyond it 6 years early
ConferencesCOO Summit
‘Nobody’s safe’: Cognizant projected 90% of jobs would be disrupted by 2032—but we’re beyond it 6 years early
By Preston ForeJune 1, 2026
7 hours ago

Most Popular

The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
Energy
The Iran conflict has disrupted oil supply. Gulf states are now looking to multi-billion-dollar investments in renewables 
By Melissa HancockJune 1, 2026
13 hours ago
I wrote that Boomers were choking America’s economy. Their responses to me were revealing
Personal Finance
I wrote that Boomers were choking America’s economy. Their responses to me were revealing
By Nick LichtenbergMay 31, 2026
2 days ago
Current price of oil as of June 1, 2026
Personal Finance
Current price of oil as of June 1, 2026
By Joseph HostetlerJune 1, 2026
15 hours ago
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
Environment
Erin Brockovich, the activist who defeated a utility giant and inspired a Julia Roberts film, is pushing data centers to be more transparent
By Marco Quiroz-GutierrezJune 1, 2026
10 hours ago
Current price of silver as of Monday, June 1, 2026
Personal Finance
Current price of silver as of Monday, June 1, 2026
By Joseph HostetlerJune 1, 2026
16 hours ago
A rare 'super' El Niño is looking more likely. Here’s what to expect
Environment
A rare 'super' El Niño is looking more likely. Here’s what to expect
By Brian K. Sullivan and BloombergMay 31, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.