Micron-Japan Deal Counters China ‘Coercion,’ Rahm Emanuel Says
Bloomberg
23-05-19 02:47
Ambassador Rahm Emanuel, the US envoy to Japan, said Micron Technology's deal with Japan for financial aid to produce next-gen memory chips, has set a precedent for countering Beijing's "coercion", and shows that Japan and the US will act in unison to help secure supply chains from being targeted by China's coercion. The financial aid from Japan is reportedly worth around $1.5bn. China rejected those claims and accused the US of starting trade wars and bullying nations. Emanuel cited examples of China trying to intimidate companies, including US consultancy Bain & Company, Micron and Mintz Group. Discussions on how to respond to China's growing influence will feature at G7.