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US-China trade talks resumed in London, focusing on export controls impacting global supply chains amid rising tensions, particularly over critical sectors like semiconductors and defense. China's exports to the US fell 34.5% in May, the largest drop since early COVID-19, highlighting the urgency of these negotiations. Both nations are navigating competing priorities, with the US aiming to bolster domestic rare earth production while China seeks to maintain its industrial edge.
Nvidia CEO Jensen Huang criticized US export controls on technology to China, claiming they hinder American competitiveness and bolster Chinese AI development. Despite a recent trade truce, tensions remain high, particularly over Huawei's advanced chips, as China accuses the US of unilateral bullying. Huang emphasized the potential $50 billion market in China, lamenting the financial losses from export restrictions.
China has condemned a new U.S. rule banning the use of Huawei's Ascend chips globally, highlighting ongoing tensions despite a temporary truce in the trade war. The U.S. claims these chips violate export controls, while China urges the U.S. to lift tariffs that hinder cooperation. Beijing has begun to ease its own retaliatory measures, including lifting a ban on rare earth exports to the U.S.
Li Chenggang
People
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us and china resume trade talks amid rising tensions and supply chain concerns
06:05 10.06.2025
US China Trade Tensions Rise Over AI Chips and Export Controls
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Jensen Huang
Scott Bessent
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Xi Jinping
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06:39 21.05.2025
China criticizes US ban on Huawei chips amid ongoing trade tensions
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CHN
USA
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Donald Trump
Jamieson Greer
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He Lifeng
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14:25 15.05.2025
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