♦️ A few days after the United States and China announced a temporary truce regarding tariffs, tensions flared up again, this time concerning the future of Chinese semiconductors
♦️ Last week, Washington warned companies against using AI chips produced by Huawei, the Chinese tech giant, prompting Beijing to accuse the Trump administration of undermining the consensus reached in the recent trade talks in Geneva, where both sides agreed to temporarily lift tariffs and grant everyone a 90-day period to reach a broader agreement
♦️ The dispute over Huawei chips represents a test of the truce, as despite the positive words exchanged by American and Chinese negotiators last week, sharp disagreements remain between the two sides over a variety of topics that may be difficult to overcome
♦️ On Wednesday, the Chinese Ministry of Commerce accused the United States of "abusing export controls to suppress and contain China" and engaging in what it described as "a model of tyranny and protectionism"
