The Oct 9 restrictions (extraterritorial controls) were a retaliation in the first place, much like Trump's 100% tariffs. The April export restrictions are still on.
China's Ministry of Commerce on Thursday unveiled the outcomes achieved by Chinese and U.S. delegations during their recent economic and trade talks in Kuala Lumpur.
The U.S. side will cancel the 10-percent so-called "fentanyl tariffs" and suspend, for an additional year, the 24-percent reciprocal tariffs levied on Chinese goods, including goods from the Hong Kong Special Administrative Region and the Macao Special Administrative Region, according to a spokesperson of the ministry.
China will make corresponding adjustments to its countermeasures against the aforementioned U.S. tariffs, the spokesperson said, noting that both sides have agreed to continue extending certain tariff exclusion measures.
The United States will suspend for one year the implementation of a new rule announced on Sept. 29 that expands its "entity-list" export restrictions to any entity that is at least 50 percent owned by one or more entities on the list. China will suspend the implementation of relevant export control measures announced on Oct. 9 for one year and will study and refine specific plans, the spokesperson said.
The U.S. side will suspend the implementation of measures under its Section 301 investigation targeting China's maritime, logistics and shipbuilding industries for one year. In response, China will correspondingly suspend the implementation of its countermeasures against the U.S. side for one year once the U.S. suspension takes effect, according to the spokesperson.
if he can stop a certain amount of wars he can still get to heaven right