China Suspends Retaliatory US Export Controls, Sanctions
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China is suspending a trade and investment ban against more than a dozen U.S. companies as part of the trade agreement struck by the world’s two biggest economies.
The suspensions started May 14 and will last for 90 days, according to a statement from the Ministry of Commerce.
China is also suspending export controls related to goods, technologies and services for military uses that it applied to 28 U.S. entities.
The announcement comes days after both countries agreed to temporarily lower tariffs on each other’s products, with China also pledging to pause or cancel its retaliatory non-tariff countermeasures.
China Removes Boeing Ban After US Trade Truce
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The truce and the prospect of a permanent resolution was met with widespread relief among investors, causing stocks and the dollar to surge in the immediate aftermath.
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