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close video China likely targeted a very wide swath of critical infrastructure: Jonathan DT Ward

Atlas Organization founder Jonathan D.T. Ward breaks down the latest political and economic tensions between the U.S. and China.

The U.S. is pushing back on China’s ban on memory chips from Micron Technology, which was announced last week and based on vague national security concerns.

Commerce Secretary Gina Raimondo spoke Saturday at a news conference following a multinational trade meeting on the Indo-Pacific Economic Framework and said the U.S. government "firmly opposes" China’s ban on Micron and "won’t tolerate" the restrictions.

Raimondo added that China’s import restrictions "target a single U.S. company without any basis in fact, and we see it as plain and simple economic coercion and we won’t tolerate it, nor do we think it will be successful."

China accused Micron, which is a leading U.S. producer of semiconductors used in computer memory and data storage hardware, of posing a threat to national security. China’s cybersecurity agency announced on May 21 that, "Operators of critical infrastructure in China should stop purchasing products from Micron," citing "network security risks" that negatively affect "China’s national security."

CHINA SLAPS RESTRICTIONS ON US COMPANY OVER ‘NATIONAL SECURITY’ RISKS AS CHIP WAR ESCALATES

Commerce Secretary Gina Raimondo says the U.S. “won’t tolerate” China’s restrictions on Micron as the chip war escalates. (Ken Cedeno/UPI/Bloomberg via Getty Images / Getty Images)

Prior to China’s announcement, the U.S. and G-7 member countries announced new restrictions on China’s access to technology used in chip manufacturing.

"As we said at the G-7 and as we have said consistently, we are closely engaging with partners addressing this specific challenge and all challenges related to China’s non-market practices," Raimondo said. 

Raimondo added that she raised the Micron issue in a meeting with China’s commerce minister, Wang Wentao, in a meeting on Thursday.

US NAVY VICTIM OF CHINESE STATE-SPONSORED HACKERS, SECRETARY SAYS

Micron Technology was hit with a ban by China’s cybersecurity regulator. (Jeremy Erickson/Bloomberg via Getty Images / Getty Images)

In response to China’s announcement of the restrictions last week, Micron told FOX Business in a statement that, "We have received the CAC’s notice following its review of Micron products sold in China. We are evaluating the conclusion and assessing our next steps. We look forward to continuing to engage in discussions with Chinese authorities."

The U.S., Europe and Japan have taken steps over the last year to restrict the export of sophisticated chips that are used in manufacturing processes for cars, smartphones and computers to China over concerns that the Chinese government may use them to advance its military modernization or further internal repression.

US WEIGHS RESTRICTIONS ON INVESTMENT IN CHINESE AI FIRMS

The U.S., Europe and Japan have moved to restrict China’s access to advanced computer chips. (Photo by Milos Bicanski/Getty Images | istock / Getty Images)

Those moves come as the Chinese Communist Party takes an increasingly aggressive stance toward regional neighbors like Taiwan and represses human rights in Hong Kong and Xinjiang.

China views the tech restrictions as an effort to block its development and has retaliated incrementally due to concerns that the trade restrictions may have a negative impact on Chinese companies that manufacture many of the world’s smartphones, computers and other consumer electronic devices.Ticker Security Last Change Change % MU MICRON TECHNOLOGY INC. 73.93 +4.32 +6.21%

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About 10% of Micron’s revenue is derived from China, but the majority of those sales come from non-Chinese firms acquiring chips to use in products manufactured in China. It’s unclear whether the Chinese government’s newly announced restrictions will apply to non-Chinese firms operating in the country.

Reuters contributed to this report.

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Waltrip latest to join AF1 Nashville’s ownership

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Waltrip latest to join AF1 Nashville's ownership

NASHVILLE, Tenn. — Two-time Daytona 500 winner Michael Waltrip has joined the ownership group of the Nashville Kats, a founding franchise of the Arena Football 1 league.

The Kats announced Waltrip joining the group Friday along with his craft beer company Michael Waltrip Brewing. The ownership group already includes former NFL coach Jon Gruden with Jeff Fisher, a former coach of the Los Angeles Rams and Tennessee Titans, majority owner.

“We now have three living legends attached to the Nashville Kats — Jeff Fisher, Jon Gruden, and Michael Waltrip — all with the ultimate goal to win championships and raise the AF1 to its ultimate potential along with any team associated with the AF1,” said Bobby DeVoursney, the Kats’ CEO and managing partner.

Waltrip’s brewery now is the team’s official craft beer. The team also plans a “Waltrip Winner’s Circle” fan zone for the upcoming season.

The Kats play the Southwest Kansas Storm on Sunday in Clarksville in the AF1 semifinals.

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Trump’s update on Iran timeline is significant – but it still keeps everyone guessing

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Donald Trump weighing up many risks before possible US strike on Iran

This is the most significant statement from the US president in days, though it still keeps everyone guessing.

In a message conveyed through his press secretary, he is giving diplomacy up to two weeks to work.

“Based on the fact that there’s a substantial chance of negotiations that may or may not take place with Iran in the near future, I will make my decision whether or not to go within the next two weeks,” Karoline Leavitt quoted him as saying.

It is not clear what “whether or not to go” entails.

Israel-Iran conflict: Latest updates

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Trump: Iran ‘weeks away’ from nuclear weapon

We know that he has been given a spectrum of different military options by his generals and we know that the Israelis are pressuring him to use American B2 bombers with their bunker-busting bombs to destroy Iran’s nuclear facility at Fodow.

The Israelis are encouraging no delay. But against that, he is weighing up many risks, both military and political.

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Militarily, it is not clear how successful a bunker-busting strike on Fordow would be.

Experts have suggested it would require several of the massive bombs, which have never been used in combat before, to be dropped on the site.

It is not as simple as one clean strike and job done.

Politically, the president is under significant pressure domestically not to get involved in Iran.

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MAGA civil war breaks out over Iran

Within his own MAGA coalition – influencers, politicians and media personalities are lining up in criticism of involvement in the conflict.

One of those leading the criticism, his former chief strategist Steve Bannon, who maintains huge influence, was seen entering the White House on Thursday.

His press secretary reiterated to us that the president always wants to give diplomacy a chance and she confirmed that his Middle East envoy Steve Witkoff has spoken to the Iranian foreign minister Abbas Araghchi.

Steve Bannon speaks at a conservative conference in Maryland earlier this month. Pic: AP
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Steve Bannon, seen recently at a conservative event in Maryland, is against US involvement in Iran. Pic: AP

European leaders, including the UK foreign secretary David Lammy, who is in Washington, are meeting Mr Araghchi in Geneva on Friday.

The two-week window – assuming it lasts that long – also gives space to better prepare for any strike and mitigate against some of the other risks of US involvement.

Read more from Sky News:
Is Trump losing his MAGA support?
Gantz defends conflict with Iran
‘Love Trump’ says Israeli minister

There are 40,000 troops in bases across the Middle East. It takes time to increase security at these bases or to move non-essential personnel out. It also takes time to move strategic military assets into the region.

The USS Nimitz aircraft carrier and its support vessels were redeployed from the Indo-Pacific on Monday. Their last known position was the Strait of Malacca two days ago.

The Nimitz Carrier Group will overlap with the USS Carl Vinson group which was deployed to the Middle East in March.

The potential two-week window also allows for more time for a ‘day after’ plan, given that the Israeli strategy appears to be regime change from within.

Since the Israeli action in Iran began last week, the worst-case scenario of mass casualties in Israel from Iranian attacks has not materialised.

The president is said to be surprised and encouraged by this. “Israel has exceeded a lot of people’s expectations in their abilities,” press secretary Karoline Leavitt said.

The Israeli success, the absence of a mass casualty event in Israel, and the lack of any sustained counterattack by Iranian proxies in the region remove reservations that previous presidents have had about taking on Iran.

That said, sources have told Sky News that the president is determined that the diplomatic solution should be given a chance despite current pessimism over the chances of success.

A critical two weeks ahead.

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Trump’s two-week timeline: What next for Iran?

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Trump's two-week timeline: What next for Iran?

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White House press secretary Karoline Leavitt has said Donald Trump will make a decision on whether to militarily strike Iran in the next two weeks. That’s as diplomatic talks between Western governments and the Iranians ramp up.

In today’s episode, US correspondents Mark Stone and Martha Kelner unpick why the delay might be, and the competing voices in the ears of the president.

If you’ve got a question you’d like the Trump100 team to answer, you can email it to trump100@sky.uk.

Don’t forget, you can also watch all episodes on our YouTube channel.

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