The Chinese government has formally implemented key commitments from its recent trade truce with the United States, issuing a series of official documents to de-escalate economic tensions. The measures include the suspension of export controls on some items, and the lifting of sanitary bans on some U.S. goods.

At today's press conference, a Ministry of Commerce (MOFCOM) official clarified the bilateral trade deal with the U.S., restated MOFCOM's stance on the Nexperia dispute and its commitment to CPTPP accession, and expressed interest in exploring China-EU deals.

Today, the Chinese government announced a rollback of some retaliatory measures, including tariffs on key agricultural products and sanctions on U.S. entities, as Beijing took another step to implement a recent trade deal with the United States to deescalate the ongoing economic tensions.

China has issued a sharp rebuke to the Netherlands over the government's intervention in Dutch-based chipmaker Nexperia and its alleged lack of a "constructive attitude and action," directly blaming the Dutch government for causing "turbulence and chaos" in the global semiconductor supply chain.

Plans for a Chinese-owned battery component factory in Michigan have now officially fallen through, leading to questions about the extent to which Chinese investment in the U.S. is possible in the current political climate.

Last week, China and the U.S. announced that they had reached an agreement resulting in the temporary suspension of specific tariffs and non-tariff measures. This piece focuses on the relief from the Chinese side, which remains conditional and subject to further regulatory action.

A corporate dispute involving Dutch chip company Nexperia and its Chinese subsidiary has escalated, even as the U.S. and China agreed to suspend the export control rule widely speculated to have spurred friction that also involved Nexperia's Chinese parent company.