Latest news with #HuaweiTechnologies'
Daily News Egypt
4 days ago
- Business
- Daily News Egypt
China accuses US of ‘seriously violating' trade truce, vows countermeasures
China said on Monday the United States is 'seriously violating' a trade truce between the two countries, days after a similar accusation was levelled at Beijing by US President Donald Trump, signalling renewed tension between the economic powers, the Financial Times reported. The Chinese Ministry of Commerce stated on Monday that Washington is 'seriously violating' the truce and pledged to 'take strict measures to defend its interests.' The ministry added that the United States has imposed 'a series of discriminatory and restrictive measures in recent weeks, which undermined the trade agreement signed in Geneva, and harmed China's legitimate rights and interests.' In the statement, the ministry threatened to continue 'taking strong and firm measures' to protect 'China's legitimate rights' if the United States insists on 'going its own way, and harming Chinese interests.' 'The United States has unilaterally provoked new trade frictions (…) and instead of reflecting on its actions, has made baseless accusations against us of violating the agreement,' the ministry continued. Among the US measures cited in the statement were warnings against the global use of Huawei Technologies' chips, a halt on sales of chip design software to Chinese companies, and the cancellation of visas for Chinese students. China and the United States had agreed during talks in Geneva in early May to an accord that would temporarily reduce mutual tariffs, which had reportedly risen as high as 145%. Trump: China Violated the Agreement Earlier on Friday, US President Donald Trump said China had 'completely violated' the agreement, as US officials have grown increasingly frustrated with the slow pace of rare earth metal exports across the Pacific since the 12 May agreement. Trump told reporters he hoped to resolve the dispute via a telephone call with Chinese President Xi Jinping, an idea he has proposed several times in recent months but which has not yet materialised. US officials had believed the 12 May agreement, which stemmed from the early May talks in Geneva, would ease Chinese export restrictions on rare earths that were revealed in early April. However, China has maintained its export system while slowly approving shipments to the United States, according to reports. These vital metals are widely used in US automotive, electronics, and defence supply chains, and the slow pace of exports to the United States poses an increasing threat of work stoppages in the US manufacturing sector. Under the agreement between China and the United States, both sides suspended most tariffs, a move welcomed by investors and businesses worldwide. However, since the Geneva accord, Beijing has continued its slow process for approving export licences for rare earths and other elements necessary for manufacturing cars and chips, among other items. Earlier this week, the US administration took steps to cancel entry visas for Chinese students and also suspended the sale of some vital technologies to Chinese companies. Subsequently, China urged the United States to end 'discriminatory restrictions' against it, calling for cooperation in maintaining the 'consensus' reached during the high-level talks in Geneva.
Business Times
21-05-2025
- Business
- Business Times
China threatens enforcers of US's Huawei curbs with legal action
CHINA said it could take legal action against anyone enforcing US restrictions on using Huawei Technologies' artificial intelligence (AI) chips, escalating a dispute that's upset a tentative truce on tariffs. 'China believes that the US abuses export controls to contain and suppress China, which violates international law and basic norms of international relations,' the Commerce Ministry in Beijing said in a statement on Wednesday (May 21), adding that this hurt the country's development interests and companies. 'Any organisation or individual that implements or assists in the implementation of US measures' would be subject to the Anti-Foreign Sanctions Law and 'and must bear corresponding legal responsibilities', the ministry said. The statement comes a day after China said the Trump administration undermined recent trade talks in Geneva because it warned that using the Huawei semiconductors 'anywhere in the world' would violate US export controls. The US Commerce Department has changed its wording to say the agency was issuing guidance about the risks of using China's 'advanced computing ICs, including specific Huawei Ascend chips', removing the 'anywhere in the world' reference. The formal guidance, dated May 13, says using Huawei's Ascend chips 'risks' violating export controls. The Chinese Commerce Ministry did not go into detail on how individuals or entities could be punished under the Anti-Foreign Sanctions Law. There's been concern that the legislation created in 2021 could be used against foreign firms operating in China. The law is part of the toolbox Beijing has developed in recent years to push back against US sanctions and trade controls. Beijing has also rolled out an Unreliable Entity List and an Export Control Law. BLOOMBERG
Business Times
20-05-2025
- Business
- Business Times
Chinese smartphone exports to US plunge to lowest since 2011
[HONG KONG] Chinese shipments of Apple's iPhone and other mobile devices to the US dived to their lowest levels since 2011 in April, underscoring how the threat of US tariffs choked off the flow of big-ticket goods between the world's two largest economies. Smartphone exports slid 72 per cent to just under US$700 million last month, sharply outpacing an overall 21 per cent drop in Chinese shipments to the US, detailed customs data showed on Tuesday (May 20). That highlighted the way the Trump administration's tariffs campaign – peaking with 145 per cent levies on Chinese goods – is disrupting tech supply chains and diverting electronics elsewhere. Investors fear a global trade war that would erode some of the US-China bilateral trade that reached US$690 billion in 2024, decimating industries and raising prices for consumers. Tensions remain high: Beijing this week accused the Trump administration of undermining recent trade talks in Geneva by pursuing sanctions on Huawei Technologies' artificial intelligence chips. Last year, the three biggest US imports from China were smartphones, laptops and lithium-ion batteries, while liquid petroleum gas, oil, soybeans, gas turbines, and machines to make semiconductors were some of the most valuable US exports to China. The value of phone component exports to India – home to Apple's biggest iPhone production base outside of China – roughly quadrupled over the course of the past year, according to China's General Administration of Customs. Apple has accelerated a shift of production to India, though Trump recently criticised that practice and urged Apple to bring iPhone manufacturing home. The device has never been produced in the US, a project that appears unfeasible at least in the short run. BLOOMBERG
Japan Times
20-05-2025
- Business
- Japan Times
China says U.S. warnings on Huawei chips undermine their recent trade talks
The Chinese government has accused U.S. President Donald Trump's administration of undermining recent trade talks in Geneva with its warning that using Huawei Technologies' artificial intelligence chips "anywhere in the world' would violate U.S. export controls. The U.S. Commerce Department had said in a statement last week that it was issuing guidance to make clear that the use of Huawei Ascend chips is a breach of the U.S. government's export controls. The agency said at the time that it would also warn the public about "the potential consequences of allowing U.S. AI chips to be used for training and inference of Chinese AI models.' The department's statement has since changed to say that the agency was issuing guidance about "the risks of using PRC advanced computing ICs, including specific Huawei Ascend chips,' stripping the "anywhere in the world' reference. PRC is the abbreviation for China's formal name, the People's Republic of China, while ICs refers to integrated circuits, or chips. The formal Commerce Department guidance, dated May 13, says using Huawei's Ascend chips "risks' violating export controls. The changes weren't enough to appease Beijing, which issued a statement Monday saying it had "negotiated and communicated with the U.S. at all levels through the China-U.S. economic and trade consultation mechanism, pointing out that the U.S.'s actions seriously undermined the consensus reached at the high-level talks between China and the U.S. in Geneva.' China's Commerce Ministry demanded in the statement that the U.S. "correct its mistakes.' Spokespeople for the U.S. Commerce Department and the White House didn't immediately respond to requests for comment. Tensions over Huawei's next generation of chips underscore how fragile trade talks remain between the U.S. and China. The Commerce Department's guidance last week stood to make it all the more difficult for Shenzhen-based Huawei to fulfill its ambitions of developing more powerful semiconductors for AI and smartphones, efforts that have already hit major snags because of U.S. sanctions. Despite rolling back a set of regulations on AI chip exports introduced by former U.S. President Joe Biden, the Trump administration has made clear that it will continue to drive efforts to keep advanced technologies away from China. China noted in its statement that U.S. had recently "adjusted' the wording of its guidelines around Huawei chips, but the Asian nation maintained that they remain "discriminatory measures.'
Business Times
19-05-2025
- Business
- Business Times
China accuses US of undermining trade talks with warnings against Huawei chips
[TAIPEI] The Chinese government accused the Trump administration of undermining recent trade talks in Geneva with its warning that using Huawei Technologies' artificial intelligence (AI) chips 'anywhere in the world' would violate US export controls. The Commerce Department had said in a statement last week that it was issuing guidance to make clear that the use of Huawei Ascend chips is a breach of the US government's export controls. The agency said at the time that it would also warn the public about 'the potential consequences of allowing US AI chips to be used for training and inference of Chinese AI models'. The Commerce Department's statement has since changed to say that the agency was issuing guidance about 'the risks of using PRC advanced computing ICs, including specific Huawei Ascend chips', stripping the 'anywhere in the world' reference. The formal Commerce guidance, dated May 13, says using Huawei's Ascend chips 'risks' violating export controls. The changes were not enough to appease Beijing, which issued a statement on Monday saying it had 'negotiated and communicated with the US at all levels through the China-US economic and trade consultation mechanism, pointing out that the US's actions seriously undermined the consensus reached at the high-level talks between China and the US in Geneva'. The Asian nation's Commerce Ministry demanded in the statement that the US 'correct its mistakes'. Spokespeople for the US Commerce Department and the White House did not immediately respond to requests for comment. Tensions over Huawei's next-generation of chips underscore how fragile trade talks remain between the US and China. The Commerce Department's guidance last week stood to make it all the more difficult for Shenzhen-based Huawei to fulfil its ambitions of developing more powerful semiconductors for AI and smartphones, efforts that have already hit major snags because of US sanctions. Despite rolling back a set of Biden administration-era regulations on AI chip exports, the Trump administration has made clear that it will continue to drive efforts to keep advanced technologies away from China. China noted in its statement that US had recently 'adjusted' the wording of its guidelines around Huawei chips, but the Asian nation maintained that they remain 'discriminatory measures'. BLOOMBERG
