Yesterday, the Department of Commerce’s Bureau of Industry and Security (BIS) imposed "an administrative penalty" of $95 million on Cadence Design Systems Inc. for "illegal exports of Electronic Design Automation (EDA) hardware and software and semiconductor design technology" to Chinese parties on the Entity List.

Today, China's Ministry of Commerce (MOFCOM) announced sanctions on eight Taiwanese companies, including major aerospace and shipbuilding firms, subjecting them to stricter export control measures.

The Taiwanese government added Chinese firms Huawei and SMIC to its export control entity list, a move likely to provoke a strong reaction from Beijing.

As part of the trade war truce between the U.S. and China, Beijing has announced a temporary suspension of key retaliatory measures targeting American companies.

In the latest round of the trade war, China has retaliated against the U.S. 84% tariff rate with its own 84% tariff, and has made a few new sanctions announcements as well.

With its latest batch of additions to the Entity List, the Department of Commerce’s Bureau of Industry and Security (BIS) has tried to clamp down further on the access of Chinese companies to American semiconductors and other high-tech products.

In a swift and comprehensive retaliation against the 10% additional tariff imposed by the United States today on all Chinese goods, Beijing has unleashed a barrage of countermeasures. These actions span across multiple fronts, including a WTO challenge, retaliatory tariffs, sanitary and phytosanitary (SPS) decisions on U.S. agricultural products,