China’s market watchdog has accused the US computer chipmaker Nvidia of breaking Chinese anti-monopoly regulations. The nation’s market watchdog stated that it will continue to investigate the situation, but did not provide specifics on how Nvidia had allegedly broken the law.
In the most recent effort to halt a trade war between the two largest economies in the world, US and Chinese officials are meeting in Spain for a second day of trade negotiations on Monday.
The talks, which are being spearheaded by Chinese Vice Premier He Lifeng and US Treasury Secretary Scott Bessent, also come as the Chinese owner of TikTok faces a deadline to find a buyer or risk being banned in the United States.
At their most recent meeting in July, top trade delegations from Beijing and Washington agreed to prolong their tariff ceasefire by an additional ninety days, until November 10. As early as October, when they are slated to attend a summit in South Korea, officials are also expected to establish the framework for a possible meeting between Trump and Chinese President Xi Jinping during this week’s discussions.
The US-China tariff truce reduced import duties on each other’s goods that had risen to over 100%. According to the White House, the extension allowed them more time to discuss “unfair trade practices” and national security matters.
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