Trump administration announced plans to broaden restrictions on China’s technology sector, according to a Bloomberg report. The new regulations will extend export controls to include subsidiaries of companies already under U.S. curbs, aiming to tighten oversight of Chinese tech firms. This move follows ongoing trade tensions, with the administration citing national security concerns as the basis for the action. The decision comes amid preparations for the next round of U.S.-China trade talks, scheduled after a recent call between President Trump and Chinese President Xi Jinping. The administration also faces legal challenges, as a federal appeals court allowed the tariffs to remain temporarily in effect, reversing a U.S. Court of International Trade ruling that deemed the initial implementation method unlawful. Additionally, the EU has signaled openness to reducing tariffs on U.S. fertilizer imports as a bargaining tool in these talks, while India’s Tata Steel warned of potential exclusion from tariff-free access to the U.S. under the UK’s trade agreement with the Trump administration. The policy shift has sparked global economic reverberations, with discussions ongoing about its impact on international trade. No specific figures on the economic cost or affected companies were detailed, but the administration’s focus remains on strengthening domestic industries and addressing perceived threats from foreign technology sectors. The situation continues to evolve as negotiations and legal proceedings progress.
34news.online
34news.online
