China has said it will “continue to take resolute and forceful” measures against the US, accusing the latter of adopting “a number of discriminatory, restrictive measures” in the latest trade spat between the world’s largest economies.
Today (2 June), a spokesperson for China's Ministry of Commerce said the US' trade restrictions – which include export controls for AI chips and halting the sale of chip design software – "violate the consensus reached by the two heads of state on 17 January" and challenge the current Geneva economic and trade talks between the two parties. "The United States has unilaterally provoked new economic and trade frictions, exacerbating the uncertainty and instability of bilateral economic and trade relations," the spokesman continued. 'Unlawful' US tariffs reinstated as China talks freeze ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes