U.S.-China relations under Biden marked by efforts to block access to advanced chips. China investing $47.5B for self-reliance. Biden's measures aim for domestic production and block China's advances.
Mass retirement of boomers could have major economic impact. Experts anticipate both risks and opportunities from the largest wealth transfer in history.
China launches anti-dumping probe on plastics from US and EU, possibly as retaliation for Biden's recent tariffs. Chemical companies affected include Celanese, BASF, DuPont, Mitsubishi, Asahi Kasei, and SABIC.
Western governments prioritize securing chip supply to compete with China, as seen through Biden's $32.8B incentives, export restrictions, and ASML concerns.