Heaptalk, Jakarta — On Wednesday (05/14), the Chinese government announced the suspension of sanctions against several U.S.-based companies.
According to China’s Ministry of Commerce, the sanctions were lifted following a new trade agreement with the U.S. “We are temporarily suspending non-tariff sanctions on 17 U.S. entities previously listed on the ‘unreliable entity list’—a blacklist that restricts foreign companies from importing, exporting, or investing in China,” the ministry stated in a press release.
Additionally, China has suspended export restrictions on 28 other U.S. companies added to its export control list in two separate batches: 16 companies on April 4 and 12 on April 9. The suspension will last 90 days. However, the ministry noted that “U.S. companies wishing to export dual-use items (civilian and military products) to these entities must still apply for special permits from China’s Ministry of Commerce.”
This move could provide temporary relief for industries heavily impacted by U.S.-China tensions, particularly the technology, semiconductor, and manufacturing sectors. However, since most of these measures are temporary, analysts warn that tensions could flare up again without sustained diplomatic efforts.
