GoKawiil
Tech News
Since China imposed rare earth export controls in October 2025, Beijing has repeatedly granted only short-lived reprieves tied to US concessions, most recently extending a truce to January 2027 while still restricting sales. In June, China added MP Materials and USA Rare Earth—the two firms central to US efforts to build a non-Chinese supply chain—to an export control list, even as a suspension was in effect.
A U.S. Senate investigation described in the Morning Risk Report found that Iran's regime has made extensive use of Tether's dollar-pegged stablecoin, reportedly to move funds despite sanctions. The report also notes that Washington has extended the start of a 50% tariff rule tied to a China trade truce, and that a prospective House Intelligence Committee chair has said he intends to investigate what he called 'nakedly corrupt dealings.'
The U.S. and China published reciprocal lists of products worth roughly $30 billion each that will receive tariff reductions, following a meeting between President Trump and President Xi Jinping in Washington. The items include nonsensitive goods such as fireworks and wooden Christmas ornaments. China's commerce ministry said the move would strengthen bilateral trade cooperation.
Ahead of a Washington summit between Trump and Xi, analysts say the trade truce reached in May is being fulfilled unevenly across its three main commitments: China's soybean purchases, its pledge to buy 200 Boeing jets, and the resumption of rare earth magnet exports after a 12-month suspension of export controls. Delivery on some commitments remains difficult to verify, according to analysts tracking the deal.
Donald Trump and Xi Jinping are set to hold their second in-person summit of the year in Washington, aiming to shore up a fragile trade truce reached in Busan. Treasury Secretary Scott Bessent acknowledged that some Chinese commitments from that earlier deal remain unfulfilled, even as both sides continue trading accusations and retaliatory trade measures. The talks arrive amid rising tension over artificial intelligence policy, shifting American tariff plans, and an Iran-related sanctions campaign that could complicate any economic breakthrough.
Over his 15 years as Apple CEO, Tim Cook navigated increasingly tense relations between Chinese President Xi Jinping and US President Donald Trump, helping Apple avoid the worst fallout from a US-China trade war while keeping manufacturing operations in China intact. His approach included storing some Chinese user data on mainland servers starting in 2014, complying with Chinese app removal demands, and staging high-profile displays of goodwill with Trump, such as touring a Mac Pro plant together.