DETROIT (Reuters) – The US “will not tolerate” China’s efficient ban on purchases of Micron Know-how (NASDAQ:) reminiscence chips and is working intently with allies to handle such “financial coercion,” U.S. Commerce Secretary Gina Raimondo mentioned on Saturday.

Raimondo instructed a information convention after a gathering of commerce ministers within the U.S.-led Indo-Pacific Financial Framework talks that the U.S. “firmly opposes” China’s actions in opposition to Micron.

These “goal a single U.S. firm with none foundation the truth is, and we see it as plain and easy financial coercion and we cannot tolerate it, nor do we predict it will likely be profitable.”