China criticises new US rule banning use of Huawei’s Ascend advanced computer chips

May 16, 2025

, By The Economic Times

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China has blasted a new US rule against use of Ascend computer chips made by Huawei Technologies anywhere in the world, chafing Thursday against the limitations of a temporary truce in the trade war between the two biggest economies.

Beijing moved ahead, however, with fulfilling its promise to lift retaliatory measures it imposed after US President Donald Trump escalated his trade war, raising tariffs on Chinese products to as high as 145%. One key action was to remove a ban on exports to the United States of minerals known as rare earths that are…

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China criticises new US rule banning use of Huawei’s Ascend advanced computer chips

May 16, 2025

, Published By The Economic Times

China has blasted a new US rule against use of Ascend computer chips made by Huawei Technologies anywhere in the world, chafing Thursday against the limitations of a temporary truce in the trade war between the two biggest economies.

Beijing moved ahead, however, with fulfilling its promise to lift retaliatory measures it imposed after US President Donald Trump escalated his trade war, raising tariffs on Chinese products to as high as 145%. One key action was to remove a ban on exports to the United States of minerals known as rare earths that are…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Asset tokenization expected to speed capital flows, says Chainlink’s Nazarov

Next News

Vibe-coding startup Windsurf launches in-house AI models

The Economic Times

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