Dutch Foreign Trade Minister Liesje Schreinemacher said he would not immediately agree to the latest U.S. restrictions on China.

(AFP)

[Financial Channel/Comprehensive Report] Dutch Minister of Foreign Trade Liesje Schreinemacher said in an interview with the TV program "Buitenhof" last Sunday (15th) that the Netherlands will not hastily accept the new US restrictions on China's chip manufacturing technology, and is working with Europe and Asia. Allies are negotiating.

According to comprehensive media reports, Schreinemacher said that it is "reasonable" for the United States to worry about over-reliance on Asia on the issue of chips, because Asia almost takes over 80% of the world's advanced chips, and these chips may eventually be used in the military and aimed at the Netherlands.

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Therefore, the Netherlands has been in discussions with the United States for a long time, but the United States introduced new sanctions in October last year, which changed the playing field, so the Netherlands will not immediately agree to follow up with the new restrictions of the United States. South Korea, Germany, France dialogue.

Schreinemacher added that if the Netherlands included certain technologies in export restrictions, other countries would do the same.

ASML is a major manufacturer of semiconductor equipment in the Netherlands and is currently the largest company in the country. Under pressure from the United States, the Dutch government has refused ASML to sell advanced equipment to China since 2018.

Dutch Prime Minister Mark Rutte is expected to visit the United States on Tuesday (17th) and will discuss chip export policy with President Biden.

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