
U.S.-China trade truce has blown up again, and Huawei is at the center of it; here's how the situation could pan out
Live Events
FAQs
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
China warned that anyone who helps the US restrict Huawei's chips could face legal trouble under China's Anti-Foreign Sanctions Law. China didn't say what kind of punishment people or companies would get if they break this law. China's Commerce Ministry said this in a statement on Wednesday.This warning comes at a time when China is trying to improve relations with the US, so it adds tension, as per Bloomberg report. The US said that using Huawei chips in any country would go against its rules, as per reports.But later, the US removed the line about "anywhere in the world", making the rule less clear. China believes that past US actions against chips during Trump's time hurt recent trade talks in Geneva, as per China's official stand mentioned in Bloomberg.Wu Xinbo, a professor at Fudan University in Shanghai, said this new step from China shows that talks between the two countries are still going on, at least at a working level. Wu also said the challenge now is to keep the positive vibe from the Geneva talks alive and maybe even have high-level talks next month.Vice Foreign Minister Ma Zhaoxu told David Perdue, the new US ambassador chosen by the Trump administration, that the Dragon is very much interested in fixing ties and collaborating economically with the United States , as per reports. The statement showing eagerness to engage by China came on the same day on which threats were issued by it for boycotting Huawei.But even after the truce, many big tariffs are still in place on Chinese goods. China is trying to keep the talks going, even though there are big fights still going on about US tech restrictions and China's control over rare minerals.There's also a serious issue where the US says China is linked to fentanyl entering the US, and wants China to help stop it, as per Bloomberg report.Graham Webster, from Stanford University's DigiChina project, said the tariffs and tech fights are kind of separate issues with different logic. He also said if the US and China ever make a bigger trade deal, then the tech rules might also be discussed, as per the reports.Q1. Why is China angry about Huawei chip rules?China says US chip restrictions are unfair and hurt trade talks.Q2. Are the US and China still talking?Yes, they are still having meetings to improve relations.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India Today
24 minutes ago
- India Today
He wants to speak to me: Donald Trump on plans to speak to Musk on phone
US President Donald Trump has said he has no immediate plans to speak with tech mogul Elon Musk, amid their escalating feud over the Republican-backed tax and spending bill. However, Trump also hinted he was open to a conversation, telling reporters, "If I were him, I would want to speak to me".Asked whether a phone call with the Tesla and SpaceX chief was on the horizon, Trump responded, "Umm I haven't really thought about it actually. I would imagine he wants to speak to me. Maybe he's already called. You'd have to ask him. Ask him if he's already called. But I'd have no problems with it".advertisementThe latest comments come after a dramatic fallout between Trump and Musk, once considered allies, following Musk's vocal opposition to a Republican tax-cut package championed by the White House. Though Musk hasn't directly addressed Trump in recent days, he has continued to slam the legislation, which included key components of Trump's domestic economic agenda. The rift became public last week when Musk, who had informally advised Trump during his first term, criticised what the president called the "Big, Beautiful Bill". Trump had initially remained silent, but later told reporters aboard Air Force One that he was "very disappointed" in the billionaire a sharp escalation, Musk declared that Trump would have lost the last election without his backing and even floated the idea of impeachment. The tech mogul, who reportedly spent nearly USD 300 million on Trump's 2024 presidential campaign, had previously vowed to reduce his political donations and called for the ouster of lawmakers who "betrayed the American people".advertisementIn response, Trump suggested his administration could sever government ties with Musk's companies, including lucrative contracts involving SpaceX and its satellite internet wing, the height of the standoff, Musk even threatened to withdraw SpaceX's Dragon spacecraft from NASA missions to the International Space Station, a move that would jeopardize the US space program. He later walked back the strained relationship threatens to ripple through Republican circles ahead of the crucial midterm elections next year. With Musk hinting at pulling financial support and other Silicon Valley donors watching closely, the Republicans risk losing a critical source of influence and InMust Watch


Time of India
28 minutes ago
- Time of India
Trump Jr.'s 'Rooftop Koreans' meme sparks outrage as 1992 LA riot imagery resurfaces amid ICE protests
Trump Jr. under fire for referencing 1992 LA riots in controversial post Donald Trump Jr. sparked widespread backlash after posting a meme depicting an armed Korean American atop a rooftop, a reference to the 1992 Los Angeles riots. The image, widely associated with Korean shop owners defending their stores during racially charged unrest, was captioned with "Make Rooftop Koreans Great Again," drawing criticism for glorifying vigilante justice. The post came amid escalating protests in Los Angeles following immigration raids conducted by federal agents. Demonstrators clashed with law enforcement, blocked ICE vans, and set fires. Though Trump Jr. added no comment to the image, the symbolism was interpreted as a call for armed retaliation against protesters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bank Owned Properties For Sale In Cemengbangkalan (Prices May Surprise You) Foreclosed Homes | Search ads Search Now Undo Also read: Trump's ICE war spills onto streets: Where's the US headed? Korean American groups condemn the meme amid ongoing protests The Korean American Federation of Los Angeles (Kafla) condemned Trump Jr.'s meme, stating that it exploited the community's painful history. During the 1992 riots, Korean-owned businesses were specifically targeted, and many Korean Americans were left to defend their property without police support. Live Events 'As the son of the sitting president and a major influencer, his actions carry grave risks amid such a tense atmosphere,' Kafla stated. The group emphasized that the current unrest, while volatile, is not comparable to the chaos of 1992. Kafla also criticized the ongoing immigration raids for lacking due process and fueling confusion within immigrant communities, including Korean Americans. Trump's National Guard deployment reignites tensions with State leaders President Trump's decision to deploy 2,000 National Guard troops to Los Angeles was made without California Governor Gavin Newsom's consent, marking the first such move in six decades. The action drew comparisons to the 1992 riots, but key differences remain. Also read: Trump deploys 2,000 national guard troops to LA amid growing anti-ICE protests In 1992, the Guard was deployed at the request of state leaders after the acquittal of LAPD officers in the Rodney King case triggered days of deadly violence. This time, Trump cited Section 12406 of Title 10, asserting federal authority amid protests over immigration enforcement. Newsom, who filed suit against the administration, called the deployment a 'manufactured crisis.' Historic parallels raise concerns about racial polarization The invocation of 1992-era imagery by Donald Trump Jr., coupled with federal deployment of military forces, has renewed fears about deepening racial and political polarization. In 1992, more than 60 people died and over 1,000 buildings were destroyed in a racially charged uprising. Korean Americans, then caught in the crossfire, remain sensitive to any rhetoric that revives that trauma. Also read: Trump vows to "HIT" any protester who spits on police. He pardoned those who did far worse on Jan. 6 This time, the unrest stems from immigration policy and enforcement, but the response is drawing similar imagery and tactics. Civil rights groups warn that such associations risk inflaming public sentiment and creating dangerous environments for minorities.
&w=3840&q=100)

Business Standard
29 minutes ago
- Business Standard
US resumes Harvard student visa processing after judge blocks Trump ban
The US State Department has ordered all United States diplomatic missions and consular offices worldwide to resume processing student and exchange visitor visas for Harvard University, following a federal judge's decision last week to temporarily block President Donald Trump's ban on international students at the Ivy League institution. The directive, issued via diplomatic cable on June 6 and signed by Secretary of State Marco Rubio, comes in response to a temporary restraining order granted by US District Judge Allison Burroughs in Boston. The court order prevents the Trump administration's policy from taking effect while further legal proceedings are underway. Harvard lawsuit accuses White House of retaliation The judge's ruling followed a lawsuit filed by Harvard University, which has accused the Trump administration of retaliation, alleging the federal government is punishing the school for resisting attempts to control its curriculum, governance, and ideological stance. US President Donald Trump had cited national security concerns for the visa ban, alleging foreign students posed a threat by engaging in illegal activity, participating in protests, and spying on academic research, referencing FBI warnings on espionage and disinformation. However, the court's intervention has temporarily reinstated Harvard's ability to accept international students. Harvard seeks global support amid visa crackdown at partner institutions both in the US and abroad, including the University of Chicago and London Business School, as contingency plans are developed in the face of ongoing uncertainty. The visa ban had also led to a halt in processing for international students nationwide, introducing stricter social media scrutiny and enhanced background checks. Several students were reportedly detained or had their visas revoked, particularly those suspected of taking part in pro-Palestinian protests. Visa processing resumes, but scrutiny remains Harvard, one of the US' wealthiest and most prestigious universities, has also been hit by other federal actions under the Trump administration, including the freezing of billions in grants and threats to revoke its tax-exempt status. While visa processing for Harvard students resumes under the court order, the State Department clarified that all other policies remain in place, including strict scrutiny of applicants' social media activity and online presence.