And so it was that on 7 October 2022, under the guise of national security concerns over China’s development of sophisticated weaponry, President Biden declared a total export ban on anything that might help China develop top-notch microchips. Since microchips are the building blocks of any advanced economy, and the ban on selling chips to China extended to non-American companies that wanted to do business with American ones, Biden’s ban amounted to total economic war.
