U.S. Risks $56bn Loss From Export Ban, Think Tank Warns
May 21, 2019
As the Nikkei Asian Review reported, the U.S. Commerce Department's plan to broaden export controls on emerging and foundational technologies in the name of national security could significantly harm the economy. American companies could lose between $14.1 billion and $56.3 billion in export sales over the next five years, with 18,000 to 74,000 jobs threatened, ITIF said in a report