By Eduardo Baptista BEIJING (Reuters) -China has granted exemptions to export controls on Nexperia chips for civilian applications, the commerce ministry said on Sunday in a move that will help to relieve supply shortages for carmakers and automotive suppliers. The announcement is the strongest signal yet from Beijing that it will ease pressure on the…
BEIJING (Reuters) -China has suspended a ban on approving exports of “dual-use items” related to gallium, germanium, antimony and super-hard materials to the U.S., the commerce ministry said on Sunday. The suspension takes effect from Sunday until November 27, 2026, the ministry said in a statement. The ministry announced the ban in December 2024. (Reporting…
By Eduardo Baptista and Selena Li BEIJING/HONG KONG (Reuters) -China called U.S. President Donald Trump’s latest tariffs on Chinese goods hypocritical on Sunday and defended its curbs on exports of rare earth elements and equipment, but stopped short of imposing new levies on U.S. products. Trump on Friday responded to Beijing’s most recent export controls…
China‘s Commerce Ministry on Sunday slammed the Donald Trump-led US government‘s plan to impose another 100% tariff on Chinese imports (up and above the existing levies), calling it a “classic case of ‘double standards’.” Amid rising trade tension between the two trade giants, Beijing restated its consistent stance and said it does not “want to…
Shoppers in Beijing. (Bloomberg) — China’s longest stock rally in years has done little to encourage households to shell out more money during a major holiday this month, a worry for an economy already entering a slowdown. After the summer ended with two of the weakest months for retail sales this year, preliminary figures showed…