China said it will continue to suspend retaliatory tariffs against the U.S., as well as its addition of dozens of U.S. companies to the country’s unreliable entity list, after President Donald Trump announced that the U.S. would be delaying reciprocal tariffs against Beijing for 90 days.
Beijing pushed back on the notion that the U.S. is considering secondary tariffs against China for purchasing Russian oil, saying it has a right to buy Russian energy.
The Trump administration is doubling down on efforts to promote exports of AI technologies to close trading partners, especially those in Asia, a senior White House official said last week at a meeting of ministers from the Asia-Pacific Economic Cooperation member states.
China this week extended its safeguard investigation on imported beef "in view of the complexity of this case," the country's Ministry of Commerce said, according to an unofficial translation. The ministry opened the probe in December (see 2412300027) and had hoped to complete it by August, but it's now extending the investigation through Nov. 26.
A former employee of Tokyo Electron, a leading semiconductor manufacturing equipment company, was involved in the recent theft of trade secrets from Taiwan Semiconductor Manufacturing Co., Tokyo Electron said Aug. 7.
Taiwan Semiconductor Manufacturing Co. has begun legal proceedings and taken “strict disciplinary actions” against former or current employees involved in stealing sensitive technology from the company (see 2508050043), it confirmed this week.
A potential Chinese blockade of Taiwan could significantly affect trade routes to and from Asia, along with broader supply chains that depend on the region, said Eric Heginbotham, an international studies research scientist at the Massachusetts Institute of Technology.
Japan's Ministry of Economy, Trade and Industry and Ministry of Finance jointly decided to start an antidumping duty investigation on nickel-added cold-rolled stainless steel coil, sheet and strip from China and Taiwan, they announced. The investigation, which will take a year, was opened following a petition from Japanese producers Nippon Steel, Nippon Yakin Kogyo Co., NAS Stainless Steel Strip Manufacturing Co. and Nippon Kinzoku. The ministries noted that the investigation also covers the customs territories of Penghu, Kinmen and Matsu but excludes the regions of Hong Kong and Macau.
China has made several arrests and begun multiple investigations involving exports of critical minerals since launching a special operation earlier this year to crack down on the smuggling of those minerals (see 2505090018), its Ministry of Commerce said July 19.
Beijing last week said it’s seeing the U.S. approve exports of Nvidia H20 chips to China and urged the Trump administration to roll back other restrictions against the country.