WNA Globe

World News by Wild Rose

#export controls ร—

Chips, oil and Iran: why US is raising pressure on China before Xi-Trump talks

The United States is stepping up pressure on China across multiple strategic fronts, in moves analysts say could strengthen US President Donald Trumpโ€™s hand ahead of his planned high-stakes mid-May meeting with President Xi Jinping. But they cautioned that Beijing was likely to remain unfazed because it had already adapted to earlier curbs by reducing its reliance on the American market. US lawmakers in the House Foreign Affairs Committee have advanced 20 new export control measures this month...

Brussels must resist โ€˜passiveโ€™ role in US-China trade war, EU chamber urges

A leading European business association in China has urged Brussels to avoid becoming a โ€œpassive recipientโ€ of US-China trade negotiations, as European firms scramble to navigate Beijingโ€™s export controls. In a report released on Tuesday, the European Union Chamber of Commerce in China asserted that the EU must take the lead in discussions affecting its interests, while urging Beijing to avoid a one-size-fits-all approach to export controls. โ€œWeโ€™re in a situation where Europe simply cannot...