New Chip Ban Accelerates US Decoupling From China: Experts

US Secretary of Commerce Gina Raimondo (L) listens as US National Security Adviser Jake Sullivan speaks during a virtual meeting with US President Joe Biden, CEOs, and labor leaders, not pictured, regarding the Chips Act, in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House, in Washington, DC, on July 25, 2022. Brendan Smialowski/AFP via Getty Images

The United States expanded its semiconductor ban on China and issued a China-focused “National Security Strategy” five days before the beginning of the Chinese Communist Party’s (CCP) party congress on Oct. 12.

Experts believe these unprecedented moves will accelerate the United States’ decoupling from China and that the “new Iron Curtain” may have fallen.