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Containers are buying a Taicang Port Container container in Suzhou, Jiangsu province, China, May 18, 2025.
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A great story
Just a week after the breakthrough in the US-Kita trade tensions, none of the parties can be sure that the other holds its end of the deal.
“These 90 days will not be smooth,” Louis Weidon, a research associate at the State Analytical Center, the Chinese Academy of Social Sciences, told me this week. This is in accordance with the translation of CNBC its tangerine remarks.
It predicts increased uncertainty and smaller steps in the following, considering the already big breakthrough because the US and China are trying to feel the second to the middle ground.
The old age has already begun.
The Ministry of Commerce in China warned on Wednesday that to take legal measures against those involved in assisting or implementing measures to stop using advanced semiconductors from China.
This implies the previous accusation of the same Monday’s ministry that has accused the United States Undergraduate talks With a warning huawei chips last week – Although the US Industry and Security Bureau were actually Tonized your language and rejected Baden’s more restrictive plan on the chip.
Many in the US are also concerned that China is not relaxing control over rare landAnother area in which China dominates the supply chain. This is despite the vague description of a joint statement about how China will “suspend or remove non -tariff countermeasures taken against the US since April 2, 2025. “
“I think Washington expected that control over export to this rare land will be reduced, which allows export relatively unlimited,” said Scott Kennedy, Senior Advisor and Chairman of the Crown Person on Chinese Business and Economics in the Center for Strategic and International Studies in Washington
“If it turned out that this is not the result, the US will probably conclude that China is violating the agreement,” he said. “We could see re -escalation sooner.”
While the White House has not yet responded to the CNBC request about the comment, the step back shows ambiguity on China’s side.
But is the rare terrestrial exports go to China’s countermeashed services before the US tariffs? This is for the discussion. A document on April 4 from the Ministry of Commerce and the Customs Service of China announces Export of control items He clearly did not mark them.
While China paused the restrictions on 28 American formations that were cut Export control to critical minerals. Ministry has made some public statements about Strengthening control over export on critical minerals.
“Given the comprehensive and competitive nature of bilateral relations, the current truce – while focused on trade – can be easily blown upon control over exports,” said Yue -s -sa -economicist, China, at the Economist Intelligence unit.
“While the rhetorical position is unlikely to undermine the 90-day truce, China may well re-list the exports control in the US measuring reaction,” she said.
Chinese Ministry of Commerce Sunday was also announced Duties up to 74.9% About the import of engineering plastic from the US, Europe, Japan and Taiwan.
Trump-XI talk?
Last week US President Donald Trump told Fox News what he is Open to call With Chinese President Xi Jinping, or Even a trip to China. But Beijing did not fall on the tips.
“I would be surprised if two steps in the middle of these issues are now with such an incomprehensible,” Kennedy said.
New US Ambassador to China, David Perde, arrived in Beijing Thursday, a little over two weeks after being confirmed by the Senate. He used to be the head of Asia for the US Consumer Product Company Sarah Lee.
One of the first messages on social media Perdue called for “strong action” on Fentonile. He said on X that together with US trade representative Jamison Grir was “meaningfully engaged with the Chinese In the next steps to stop this dangerous situation. “
US left the place 20% in tariffs Earned earlier this year, allegedly in China in the Fentanyl crisis.
A joint statement last week states that the US and China will set a conversation mechanism about economic and trade relations, but none of the parties were specified when the next one will happen.
Liu who helped the author in February in the report Carter Center about bilateral cooperationHe emphasized the general attention of the current negotiations is trade, not the technique. It expects China may eventually agree to buy more agriculture and energy products – given what it perceives Pressing farmers can affect Trump.
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Need to know
In the markets
Shanghai composite’s performance over the last year.
Chinese and Hong Kong actions rose on Wednesday.
Mainland Chinese CSI 300 grew by 0.68%and Hong Kong Hang the Index – The included large Chinese companies – increased by 0.53% as of 12 hours local time.
10-year yield of Chinese government bonds-1,669%.
Applicable
May 22: Xiaomi release a mobile phone chip, first SUV and other products
May 27: China reports on the profit industry in April
