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Free Malaysia Today
5 days ago
- Business
- Free Malaysia Today
China slams US ‘bullying' over new chip export controls
China accused the US of abusing export controls to suppress and restrict access to high-tech semiconductors and supply chains. (Huawei pic) BEIJING : Beijing condemned on Wednesday new US chip export controls as 'bullying', warning it would take steps against measures aimed at restricting Chinese access to high-tech semiconductors and supply chains. 'The US measures are typical unilateral bullying and protectionism, which seriously undermine the stability of the global semiconductor industry chain and supply chain,' Beijing's commerce ministry said in a statement. Washington last week unveiled fresh guidelines warning firms that using Chinese-made high-tech AI semiconductors, most notably tech giant Huawei's Ascend chips, would put them at risk of violating US export controls. The commerce department said its policy was aimed at sharing American AI technology 'with trusted foreign countries around the world, while keeping the technology out of the hands of our adversaries'. Beijing condemned the move, accusing the US of 'abusing export controls to suppress and contain China'. 'These actions seriously harm the legitimate rights and interests of Chinese enterprises and endanger China's development interests,' the commerce ministry said. It also warned that 'any organisation or individual that enforces or assists in enforcing such measures' could be in violation of Chinese law.
CNA
21-05-2025
- Business
- CNA
China slams US 'bullying' over new chip export controls
BEIJING: Beijing condemned on Wednesday (May 21) new US chip export controls as "bullying", warning it would take steps against measures aimed at restricting Chinese access to high-tech semiconductors and supply chains. "The US measures are typical unilateral bullying and protectionism, which seriously undermine the stability of the global semiconductor industry chain and supply chain," Beijing's commerce ministry said in a statement. Washington last week unveiled fresh guidelines warning firms that using Chinese-made high-tech AI semiconductors, most notably tech giant Huawei's Ascend chips, would put them at risk of violating US export controls. The commerce department said its policy was aimed at sharing American AI technology "with trusted foreign countries around the world, while keeping the technology out of the hands of our adversaries". Beijing condemned the move, accusing the US of "abusing export controls to suppress and contain China". "These actions seriously harm the legitimate rights and interests of Chinese enterprises and endanger China's development interests," the commerce ministry said.
CNA
12-05-2025
- Business
- CNA
China hails 'substantial progress' in trade talks with US
BEIJING: China hailed on Monday (May 12) "substantial progress" with the United States after talks in Geneva on dialling down their trade war yielded dramatic cuts to import tariffs. US President Donald Trump had imposed duties of 145 per cent on imports from China last month as part of a global tariff blitz, while Beijing hit Washington with retaliatory duties of 125 per cent. As well as the blanket levies, China has also been hit with sector-specific tariffs on steel, aluminium and car imports. Trump has frozen until July "reciprocal" tariffs on a slew of other countries but kept them in place for China. The two sides said in a joint statement on Monday that they had agreed to slash those levies, with Washington saying US tariffs would fall to 30 per cent and Chinese tolls to 10 per cent. Shortly after the announcement, Beijing's commerce ministry said "the high-level trade talks between China and the United States have made substantial progress and greatly reduced the level of bilateral tariffs". "This move is in line with the expectations of producers and consumers in both countries, and in the interest of the two countries and the common interest of the world," a ministry spokesperson said. "It is hoped that the US side will take these talks as a foundation to keep working with China and completely correct the wrong practice of unilateral tariff rises ... and jointly inject more certainty and stability into the world economy," it said. The trade dispute between the world's two biggest economies has roiled financial markets and stoked fears that the tariffs could spark a global economic downturn. "The two sides will conduct rolling consultations on a regular or ad hoc basis in China, the US or agreed third countries," Beijing's commerce ministry said. The two economic giants may also conduct working-level trade talks "as needed", it added.
