On Friday, the US added 32 entities, 23 of them in China, to a commerce division restricted commerce record. They included two Chinese language companies accused of buying US chipmaking tools for China’s prime chipmaker SMIC.
The upcoming US-China talks in Spain would be the fourth main in-person assembly this yr as the 2 international locations search to keep up a commerce truce that lowered retaliatory tariffs on either side and restored the movement of Chinese language uncommon earth minerals to the US.
After conferences in Geneva and London, the 2 sides largely agreed in late July in Stockholm to increase a tariff pause for one more 90 days. President Donald Trump authorized the extension on Aug 12 till Nov 10.
ByteDance’s quick video app TikTok, which faces a possible ban within the US until it strikes to US possession, shall be on the agenda within the talks in Spain.
Trump has prolonged a deadline for TikTok to divest its US property till Sep 17. US lawmakers have stated TikTok’s US person knowledge may fall into the fingers of China’s authorities.
“The Chinese language authorities attaches nice significance to knowledge privateness and safety and has by no means and can by no means require firms or people to gather or present knowledge situated in overseas international locations for the Chinese language authorities in violation of native legal guidelines,” China’s official Folks’s Each day stated in an article on Saturday.
If the US insists on undermining the legit pursuits of Chinese language firms, China will take crucial measures to safeguard nationwide pursuits and the rights of Chinese language firms, the Chinese language newspaper wrote.
