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by elfbargpt
687 days ago
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I'm not seeing what the contradiction is. The US made a bet that Huawei couldn't survive without foreign help, and they seemingly lost that bet. Every country subsidizes private industry to varying degrees (CHIPS act, etc...) See this NY Fed analysis of how export controls have worked out so far: https://www.newyorkfed.org/research/staff_reports/sr1096 |
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That looks like a strawman, especially the "foreign" part.
Sanctions often boil down to the goal of incurring costs. Huawei went from a money making to a money losing machine. China may very well cover the bill in this case, but that money will be missed elsewhere.