U.S. to suspend restrictions on Chinese firms accessing U.S. technology for a year, says Bessent By Investing.com
Update: 2025-10-30
Description
In a surprising turn of events, the U.S. has temporarily halted a new rule that would have further restricted Chinese access to American technology. This decision comes after meetings between President Trump and Chinese leader Xi Jinping, and in exchange, China has agreed to hold off on its own planned restrictions on rare earth mineral exports. The suspended rule, known as the affiliates rule, had been a major point of contention between the two countries. With this pause, both sides gain time to reassess and negotiate, potentially leading to longer-lasting cooperation or renewed tensions after the year-long period.
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