🚨LAST🚨
Will the TRADE WAR between China and the U.S. resume? How do the FINANCIAL MARKETS react?
⚠️China issues a statement regarding the adjustment of export controls on chips by the U.S. and raises CONCERNS for INVESTORS
"The U.S. undermines the consensus reached in the Geneva talks"
What exactly happened? Why is China upset?
▪️On May 13, the U.S. issued a global warning indicating that the use of Huawei's Ascend chips could violate export control laws.
▪️Although this is not a new regulation, this guidance reinforces existing restrictions and expands their scope globally.
▪️This measure comes amid a 90-day trade truce between both countries, during which they agreed to reduce certain tariffs.
Why are Ascend chips important?
▪️Huawei's Ascend chips are critical for artificial intelligence applications and directly compete with products from U.S. companies like Nvidia.
▪️The U.S. warning seeks to limit Huawei's expansion in this strategic sector.
