U.S. suspends nuclear equipment supplier licenses to China amid trade war
The impact of a recent phone call between U.S. President Donald Trump and Chinese President Xi Jinping on these suspensions remains unclear.
On May 12, the U.S. and China had agreed to roll back triple-digit, tit-for-tat tariffs for 90 days. However, the truce between the world's two biggest economies quickly deteriorated. The U.S. claimed that China reneged on terms related to rare earth elements, while China accused the U.S. of "abusing export control measures" by stating that using Huawei Ascend AI chips anywhere in the world violated U.S. export controls.
Despite the current tensions, further talks on key issues were expected after the call between the two presidents.
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