Biden administration plans to announce new export restrictions on China next week

The U.S. Chamber of Commerce reportedly said in an email to its members on Thursday that the Biden administration will announce new export restrictions against China as early as next week. The email mentioned that the new regulations may include up to 200 Chinese chip companies on the trade restriction list, prohibiting most U.S. suppliers from shipping to these targeted companies. The U.S. Department of Commerce plans to announce the new regulations before the Thanksgiving holiday.