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U.S. suspends nuclear equipment supplier licenses to China amid trade war

U.S. suspends nuclear equipment supplier licenses to China amid trade war

Yahoo06-06-2025
Investing.com -- Amid an ongoing trade war, the U.S. has reportedly recently suspended licenses for nuclear equipment suppliers to sell to China's power plants, according to a Reuters report on Friday. The suspensions were issued by the U.S. Department of Commerce and affect export licenses for parts and equipment used in nuclear power plants.
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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Russia kills 21 civilians in Ukraine as the Kremlin remains defiant over Trump threats
Russia kills 21 civilians in Ukraine as the Kremlin remains defiant over Trump threats

Boston Globe

timea minute ago

  • Boston Globe

Russia kills 21 civilians in Ukraine as the Kremlin remains defiant over Trump threats

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'Worst-case scenario of famine' unfolding in Gaza under Israel's offensive, IPC says
'Worst-case scenario of famine' unfolding in Gaza under Israel's offensive, IPC says

NBC News

time2 minutes ago

  • NBC News

'Worst-case scenario of famine' unfolding in Gaza under Israel's offensive, IPC says

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Analysis: Supreme Court shows unflinching regard for Trump
Analysis: Supreme Court shows unflinching regard for Trump

CNN

time2 minutes ago

  • CNN

Analysis: Supreme Court shows unflinching regard for Trump

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