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Original title of Washington Post article syndicated to Stars and Stripes, before abridging to fit into 80-character limit, is "US threatens use of novel export
by TMWNN 5y ago
Original title of Washington Post article syndicated to Stars and Stripes, before abridging to fit into 80-character limit, is "US threatens use of novel export control to damage Russia’s strategic industries if Moscow invades Ukraine". From the article:
>The weapon, known as the foreign direct product rule, contributed to Huawei suffering its first-ever annual revenue drop, a stunning 30% last year, according to analysts.
[...]
>But the effort could face head winds from American and European business interests that fear using export controls could lead to Russian retaliation in other spheres — and eventually cause foreign companies to seek to design U.S. technology out of their products. That’s because the extension of the rule beyond a single company like Huawei to an entire country or entire sectors of a country is unprecedented.
>“It’s like a magic power — you can only use it so many times before it starts to degrade,” said Robert D. Atkinson, president of the Information Technology and Innovation Foundation, a think tank. “Other countries will say, ‘Oh, man, the U.S. has total control over us. We’d better find alternatives.’”
Followup from The Hill, confirming the Post article: <https://news.yahoo.com/us-threatens-sweeping-export-controls-025636447.html https://news.yahoo.com/us-threatens-sweeping-export-controls...>