Let's play a game of "guess the US administration's next trade war move"—too late, you lose (me too). This week in the thrilling tale of most likely intentionally jarring ups and downs that is United States import/export policy, the Trump administration is reportedly considering allowing memory manufacturer giants Samsung and SK hynix to have their machinery shipments exported more smoothly from the US to plants in China thanks to a new in-advance annual approval system.
That's according to people "who requested anonymity to disclose sensitive conversations" between the US government and South Korean industry officials, reports Bloomberg. And it's straight off the back of the US revoking the two companies' previous exemptions that allowed for easier exports to their China plants.
