The containers accumulate in the Taicang Port Conto Terminal in Suzhou City, Jiangsian Province, China, May 18, 2025.
Nurphoto | Nurphoto | Getty images
This report comes from the Bulletin The China Connection this week, which introduces you to information and analyzes about the second largest economy in the world. Every week we examine the largest business stories in China, we provide low market movements and help you set up the coming week. How do you see what you see? You can subscribe Here.
Great story
Just a week after the breakthrough in the tensions of US-china trade, none of the parties can yet be sure that the second is raising the end of the opportunity.
“These 90 days will not be smooth,” Liu Weidong told me this week, a research worker at Think Tank, this week. This is the case according to the translation of his comments in Mandarin.
It provides increased uncertainty and lower steps, taking into account the breakthrough, because every US and China are trying to feel the second towards the center.
The attitude has already begun.
The Chinese Ministry of Trade on Wednesday warned that he would undertake legal proceedings against people involved in the help or implementation of funds to limit the use of advanced semiconductors from China.
This is due to the previous accusation of the same ministry on Monday, which the US blamed for Undermining commercial conversations Huawei chip warning last week – although the American industry and safety office really had He toned his language And he rejected a more restrictive plan from the time of biden on the systems.
Many in the USA are also afraid that China is not Relaxation of rare land exportsAnother area where China dominates in the supply chain. This happens despite the unclear description of a joint statement about how China “suspend or remove non -threaded remedies undertaken against the United States since April 2, 2025. “
“I think Washington expected that the control of the export of this group of rare lands would be reduced, allowing export in a relatively unlimited way,” said Scott Kennedy, senior adviser and confidant at Chinese business and economics at the Strategic and International Studies Center in Washington, DC
“If it turns out that in fact this is not a result, the US will probably say that China is violating the contract,” he said. “We could see again escalation than later.”
While the White House has not yet responded to the CNBC's request for comment, it reveals the ambiguity on the side of China.
But is the export of Earth part of China remedies for American tariffs? This is for a debate. Document from April 4 from the Chinese Ministry of Trade and Customs Export controls He did not mean them clearly as such.
While China stopped restrictions on 28 American entities that were hit Export controls on critical mineralsIN The ministry has made several public statements of Fr. Strengthening export control on critical minerals.
“Considering the comprehensive and competitive nature of bilateral relations, the current truce – although it focuses on trade – can be easily undermined by the control of exports,” said the main economist of Yue Su, China, at the economist intelligence unit.
“While the rhetorical attitude is unlikely to undermine the 90-day truce, China can calibrate their export control system well in the measured response to US actions,” she said.
Chinese Ministry of Trade He also announced on Sunday Obligations up to 74.9% In connection with the import of plastic engineering from the USA, Europe, Japan and Taiwan.
Trump-XI conversation?
US President Donald Trump last week told Fox News that he was Open to the phone with the Chinese president XI Jinping, or even a journey to China. But Beijing has not dropped any tips.
“I would be surprised if two steps in the middle of these problems at the moment with so clear,” said Kennedy.
New US ambassador in China, David Perdue, he came to Beijing On Thursday, just over two weeks after being confirmed by the Senate. Earlier he was the head of Asia for the American company dealing with consumer goods Sara Lee.
One of the first posts in social media Perdue required “strong action” on fentanyl. He told X that Jamieson Greer, together with the US commercial representative, were “Significantly involved with the Chinese In the next steps to stop this dangerous situation. “
The United States remained in place 20% of tariffs Applied at the beginning of this year on the alleged role of China in a fentanyl crisis.
The joint statement last week stated that the US and China established a mechanism of talks about economic and commercial relations, but none of the parties determined when the next one took place.
Liu who helped write a report in February Center Carter on double -sided cooperationI emphasized that the general goal of current conversations is trade, not technology. He expects China to finally agree to buy more American agricultural and energy products – taking into account the perception of this Pressure on farmers' pressure can affect Trump.
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On the markets
The capacity of composites in Shanghai over the past year.
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May 22: Xiaomi, to issue a mobile phone system, its first SUV and other products
May 27: China is reporting industrial profits for April