from ZeroHedge:

If China thought trade war with Trump was bad, little did they know how much worse it would get under Joe “Big Guy” Biden.

As Rabobank’s Michael Every wrote this morning, “don’t forget President Biden is already running a US trade policy far more protectionist than his predecessor’s” and the latest example of that came this morning when Japan decided to join United States and the Netherlands in restricting exports of chipmaking gear to China, as the cold chip war between China and the west enters an exciting new phase.