#export-controls

#export-controls

"I'm not going to get ahead of the two leaders who will be meeting in Korea on Thursday, but I can tell you we had a very good two days," Bessent said. "So I would expect that the threat of the 100% [tariff] has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime."

"There are a number of issues that we would like to discuss with the Chinese side, especially at this time," the spokesperson said. While she did not specify which side canceled the trip, the spokeswoman said Germany regretted the development. Is Germany's Taiwan stance behind the cancellation? Despite plans to depart on Sunday and hold meetings on Monday and Tuesday, China had confirmed only one meeting with Foreign Minister Wang Yi.

The company has also denied allegations that it has failed to pay employee salaries, claiming that its recently ousted CEO, Zhang Xuezheng, was actively spreading "falsehoods" after the Dutch Ministry of Economic Affairs took control of the firm last week, according to a statement obtained by Bloomberg. Based in the Netherlands, the Chinese-owned chipmaker produces components for, among other things, electronic control units (ECUs) used in automobiles.

In an interview with Fox News' Sunday Morning Futures, he also mixed in some flattery for Chinese President Xi Jinping while still airing some grievances. "I'm not looking to destroy China," Trump said. Earlier this month, he announced an additional 100% tariff and software restrictions on China, which has a stranglehold on the world's supply of rare earths and imposed tighter export controls that threaten a wide range of industries.

The GAIN AI Act is simply an American first amendment to the NDAA defense bill,