This is an example of "Taxing the Rich" (tech companies, billionaire founders, etc.), right?

Trump, in his own way, is re-establishing the primacy of the state over the capitalists. He is forcing them to bend the knee. Not dissimilar to how Putin brought the Russian oligarchs under control, or how Xi ensured China's capitalists don't challenge state power (bringing down Jack Ma). Trump is a live player that's for sure

Kind of ironic since I just read that China blocked imports of H200 chips.

>Beijing's motives for the directives are not clear

>Also unclear if this is a ban or temporary measure, sources say

>US only formally approved H200 exports to China this week

>China keen to promote development of domestic chip companies

https://www.reuters.com/world/china/chinas-customs-agents-to...