INSIGHTS
- China yesterday suspended its unreliable entity list and export control measures on multiple US entities.
- An April 4 measure adding 11 US firms to China's unreliable entity list has been suspended for 90 days.
- An April 9 measure that added six US firms to the list has also been paused.
- It has also suspended export control measures that added 28 US entities to its export control list for 90 days.
An April 4 measure adding 11 US firms to China's unreliable entity list has been suspended for 90 days, a ministry spokesperson said.
An April 9 measure that added six US firms to the list has also been paused, the spokesperson said, adding that domestic enterprises are now permitted to apply for engaging in transactions with these entities, state-controlled media outlets reported.
China has also suspended export control measures that added 28 US entities to its export control list in announcements on April 4 and April 9 for 90 days.
The announcement comes days after both countries agreed to temporarily lower tariffs on each other’s products, with China also agreeing to pause or cancel its retaliatory non-tariff countermeasures.
Fibre2Fashion News Desk (DS)