#US-China trade

#US-China trade

The United States and China have reached a framework agreement to transfer TikTok's ownership to US control. Officials from both countries made the announcement on Monday. list of 4 itemsend of list The short-form video app was set to be banned in the US by Wednesday if its owner ByteDance did not agree to sell the company to a US-based operation or if the US did not extend a pause of the ban, which the White House has already done three times, most recently in June.

According Bessent, the proposed deal is " between two private parties," with the key commercial terms already agreed upon, ahead of this week's TikTok sell-off deadline in the U.S. The big Trade Meeting in Europe between The United States of America, and China, has gone VERY WELL! A deal was also reached on a 'certain' company that young people in our Country very much wanted to save. They will be very happy! I will be speaking to President Xi on Friday."

Nvidia had failed to fully comply with provisions outlined when it acquired Mellanox Technologies, an Israeli-US supplier of networking products, China's State Administration for Market Regulation (SAMR) said on Monday. Beijing conditionally approved the US chipmaker's acquisition of Mellanox in 2020. Monday's statement came as US and Chinese officials prepared for more talks in Madrid over trade, with a tariff truce between the world's two largest economies set to expire in November.

Broadcom's stock has surged nearly 5% due to the U.S./China trade deal, bringing it closer to its all-time high, as the semiconductor sector sees positive momentum.

"Due to U.S. tariffs, only products from our U.S. warehouse are available for shipping to the United States. China warehouse shipping is temporarily paused."