computer chips

It also signals Washington's determination to ensure Intel succeeds and that the supply chain for computer chips is protected, said Dan Sheehan from Telos Wealth Advisors.

Steeper tariffs that have been announced on products including cars, steel and other metals, pharmaceuticals and computer chips, have not been included in the IMF forecast.

The Chinese Ministry of Commerce has denied the claims and accused the US of undermining the deal by introducing new restrictions on computer chips.

Their cooling devices are built in a similar way to computer chips, using semiconducting materials to transfer the heat.

But economists note that domestic manufacturing of motor vehicles and electronic products is heavily reliant on imported raw materials such as steel and aluminum and complex components such as semiconductors and computer chips.