Created
: 2025.08.12
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
China Commerce Ministry: Suspends adding some US firms to unreliable entity list for 90 days
World FX news
Breaking news
China Commerce Ministry: Suspends adding some US firms to unreliable entity list for 90 days
2025.08.12 10:28
2025.08.12 10:28
China's Commerce Ministry said early Tuesday that it will suspend adding some US firms to the unreliable entity list for 90 days. Officials also stated that it will suspend additional tariffs on US goods for 90 more days, after US President Donald Trump signed an executive order extending the tariff truce.
Key quotes
Suspends adding some US firms to unreliable entity list for 90 days.
Suspends adding some US firms to export control list for 90 days.
Market reaction
At the time of writing, the AUD/USD pair is trading 0.02% lower on the day to trade at 0.6511.
US-China Trade War FAQs
Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living.
An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China's economic and trade regime and pretended to restore stability and trust between the two nations. However, the Coronavirus pandemic took the focus out of the conflict. Yet, it is worth mentioning that President Joe Biden, who took office after Trump, kept tariffs in place and even added some additional levies.
The return of Donald Trump to the White House as the 47th US President has sparked a fresh wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China once he returned to office, which he did on January 20, 2025. With Trump back, the US-China trade war is meant to resume where it was left, with tit-for-tat policies affecting the global economic landscape amid disruptions in global supply chains, resulting in a reduction in spending, particularly investment, and directly feeding into the Consumer Price Index inflation.
Last updated
: 2025.08.12
Related articles
USD/JPY reverses from four-week low as US jobs revision lifts Greenback
27 minutes agoGBP/USD slips as weak US payroll revision keeps Fed cut bets intact
2025.09.10 00:12EUR/USD retreats from six-week highs as Greenback steadies after US NFP revision
2025.09.09 23:57France FX Today: The Euro in turbulent territory amid growing political uncertainty
2025.09.09 23:47USD/CHF steadies as traders await NFP revisions
2025.09.09 22:44China FX Today: The Yuan in suspense as CPI data tests Beijing's strategy against deflation
2025.09.09 21:55
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/JPY reverses from four-week low as US jobs revision lifts Greenback
The Japanese Yen (JPY) trims gains against the US Dollar (USD) on Tuesday, with USD/JPY climbing back above the 147.00 psychological mark after briefly hitting its lowest level since August 14, around 146.31.
New
2025.09.10 00:52GBP/USD slips as weak US payroll revision keeps Fed cut bets intact
The GBP/USD retreats during the North American session after the latest Nonfarm Payrolls revision, was worse than expected, according to Bloomberg estimates. At the time of writing, the pair trades at 1.3542 after hitting a daily high of 1.3590, down 0.01%.
New
2025.09.10 00:12EUR/USD retreats from six-week highs as Greenback steadies after US NFP revision
The Euro (EUR) edges lower against the US Dollar (USD) on Tuesday, with EUR/USD snapping a two-day winning streak as the Greenback found renewed demand in the wake of the US Nonfarm Payrolls (NFP) benchmark revision.
New
2025.09.09 23:57France FX Today: The Euro in turbulent territory amid growing political uncertainty
The Euro (EUR) trades in a climate of growing nervousness on the markets on Monday, with the EUR/USD pair close to 1.1750, down a slight 0.15% on the session.
New
2025.09.09 23:47Breaking: Gold hits new record-high on reports of Israel attacking Hamas officials in Qatar
Gold gathers bullish momentum and trades at a new record-high above $3,660 on Tuesday. At the time of press, XAU/USD was up 0.85% on the day at $3,666.
New
2025.09.09 22:56USD/CHF steadies as traders await NFP revisions
The Swiss Franc (CHF) softens slightly against the US Dollar (USD) on Tuesday, with the USD/CHF pair stabilizing after a two-day decline, as the Greenback attempts to recover from seven-week lows.
New
2025.09.09 22:44China FX Today: The Yuan in suspense as CPI data tests Beijing's strategy against deflation
The Chinese offshore currency (CNH) is trading in relative stability on Tuesday, with the USD/CNH exchange rate at 7.1134, down less than 0.1% on the session, as markets turn their focus towards China's inflation figures for August, which will be published early on Wednesday (01:30 GMT).
New
2025.09.09 21:55GBP/JPY retreats from 14-month high as BoJ hike bets rise
GBP/JPY is trading lower on Tuesday, extending its pullback from Monday's 14-month high near 200.35, as investors reassess the monetary policy outlook on both sides of the cross.
New
2025.09.09 21:54Gold consolidates near $3,650 ahead of US NFP benchmark revision
Gold (XAU/USD) extends its record-breaking rally on Tuesday to a fresh all-time high near $3,660, marking the third straight day of gains and pushing into uncharted territory. At the time of writing, XAU/USD is trading around $3,650, up nearly 0.50% on the day.
New
2025.09.09 21:12China imports large quantities of Copper ore in August - Commerzbank
The price of Copper fell below the $10,000 per ton mark again on Friday following the release of US labor market data, Commerzbank's commodity analyst Barbara Lambrecht notes.
New
2025.09.09 20:49Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
