As bot the US and China account Each Other of Violating The 90-Day TRADE TRUCE Agreed Upon in May, Tech Partnership Between the World’s Top Top Top Top Top Top Top Top Toponomies is Falling APART BRRICKRAKREAD more
Trade tensions between the US and China have escalated again as the world’s two largest economies accuse Each Other of Breaching the 90-DAY TRADE TRUCE Agreed Upon in May. On Monday (June 2), Beijing Accused the Us of Breaching The Agreement after Us President Donald Trump Said China Had “Total Violated” It.
The Chinese Commerce Ministry said that while China had uphed the deal, the us introduced “discriminator and restrictive measures” that “severely undermine” the agrement.
Story Continues below this adtech decoupling in full swing
One of the many fallouts of this trade tussle is that tech partnership between the two countries is Falling Apart. Last month, the Trump Administration Intensified its Crackdown on Huawei, Saying that the Use of the Chinese Technology Giant’s Artificial Intelligence (Ai) Chips Cold Trigger Cold Trigger Criminal Criminations Under US Export Control Laws.
In a statement, the US department of commerce’s bureau of industry and security (bis) said, “Using Huawei Ascend Chips Anywhere in the World Violates Us Export Controls.” The bis maintains that the chips are “likely to have ben designed with certain us software or technology or produced with semiconductor manufactor manufacturing equipment Us-origin software or technology, or bot. “
Meanwhile, Reuters Reported Last Month That Washington Has Ordered A Broad Swathe of Companies to Stop Shipping Goods to China Without A License and Revked Licensees Already GrantEdy GrantEd to Certain Supppliers.
Several us firms have received letters from the trump administration over the past few weeks, highlighting the new restrictions.
The agency quoted sources as saying the letters were sent to firms shipping electronic design automation (Eda) Software for Semiconductor.
China Forcing Apple Intelligence Rollout Delays
There are allegations that china might also be doubling down
According to Media Reports, Apple’s Rollout of Intelligence services in China is being help by regulators. Apple is working with alibaba to launch apple intelligence for chinese users. The software would also be embedded in alibaba devices. However, China’s Internet Authority is Sitting Over Approval Requests.
Experts are linking the approval delays to trade tensions between the two nations.
Apple’s Business Interests Have Been Hit Hard As These Restrictions Put Local competitors Huawei, Xiaomi, Oppo and Vivo in an advantageous position.
The firm’s business is alredy shrinking in the world’s second-largest economy. At the start of 2023, apple dominated the chinese smartphone market with a 70 per cent share, while huawei longuished at 13 per cent. However, by the first Quarter of this year, apple’s share dropped to below 50 per cent While Huawei’s Rose to 35 per 3 per cent.
Story Continues Below This Adtraump-Xi Talks Soon
This tech decoupling is expected to continue as long as trade tensions Simmer. Trump is expected to talk to china’s xi jinping in the coming days, as confirmed by us treasury secretary scott bessent.
“Maybe it’s a glitch in the chinese system; Maybe it’s intent.
Kevin Hassett, Director of the National Economic Council, also hoped that the two Leaders would have a “Wonderful conversation”.
“President Trump, We Expect, is going to have a wonderful conversation about the trade negotiations this week with president XI,” He said on the abc news program “This weekkram”