China thought it had a truce with the US. Then Trump dropped two bombshells
Source: CNN
China thought it had a truce with the US. Then Trump dropped two bombshells
Analysis by Steven Jiang and Jessie Yeung, CNN
4 minute read
Updated 4:46 AM EDT, Thu May 29, 2025
Beijing (CNN) — A one-two punch from the United States risks shattering the already fragile trade war truce between Washington and Beijing, with Chinese tech companies and students both dealt shock blows by the Trump administration Wednesday night.
Viewed from within China, things had been looking up after the world’s two largest economies agreed to dramatically roll back steep tariffs – a conciliatory step in a trade war that had threatened the entire global trading system.
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But the two jabs from Washington on Wednesday will have far-reaching effects across China, angering families and authorities alike. They also throw into question the future of US-China trade talks; the temporary truce only lasts 90 days, and the clock is ticking to reach a longer-term agreement.
The first hit came in a Financial Times report on Wednesday that said moves by US President Donald Trump had effectively cut off some American companies from selling software used to design semiconductors to China.
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Read more: https://edition.cnn.com/2025/05/29/china/china-us-truce-chips-student-visa-intl-hnk