Report: US Halts New China Sanctions, Export Controls to Maintain Trade Truce
The Trump administration has halted plans to sanction a Chinese spy agency and will refrain from imposing any “major new export controls” on China to avoid disrupting the trade truce reached between the two sides in South Korea earlier this year, the Financial Times reported.
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The report said the U.S. was set to sanction China’s Ministry of State Security over a “massive cyber espionage campaign,” but those measures were “put on hold to avoid undermining” the trade relationship. “The administration will also not enact major new export controls against China following the deal reached” in October, it said. That deal included the U.S. suspending the Bureau of Industry and Security's 50% rule, known as the Affiliates Rule, for one year (see 2510310020).
The report also said the administration is preparing to discuss whether to approve export licenses for Nvidia shipments of H200 chips to China (see 2511240029).
The White House didn't respond to a request for comment.