China's Ministry of Commerce announced that the Trump administration has agreed to postpone the implementation of a new sanctions framework by a full year, which would have expanded the list of Chinese companies subject to U.S. trade restrictions. The ministry clarified in a statement reported by Bloomberg that this decision represents a temporary freeze of a plan that would have significantly impacted the economic and trade relations between the two countries, as both sides seek to maintain open channels of dialogue amidst ongoing geopolitical tensions. «Agencies»
US Agrees to Postpone New Trade Sanctions Against China for a Year
China's Commerce Ministry announced the Trump administration has agreed to delay new sanctions targeting Chinese companies for a year, aiming to ease ongoing geopolitical tensions.