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There is a bigger threat to US trade than Chinese chips
The focus on semiconductors risks taking attention away from America’s crucial aerospace sector
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Sales of aircraft, including related parts and equipment, were the largest component of exports to China in each of the past three decades.
PHOTO: REUTERS
Tim Culpan
The United States teeth-gnashing over China’s development of a domestic semiconductor industry is drowning out an overlooked threat to trade, one which has far bigger implications for American jobs and could undermine national and economic security.
A statement from China Eastern Airlines last week points to an overwhelming trend in the world’s second-largest economy.
