U.S. suspends sweeping export control rule for one year after China trade talks
The U.S. has temporarily halted a sweeping export control rule, which had vastly expanded trade blacklist restrictions and swept in thousands of Chinese firms. In an announcement Monday, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) said it would pause its so-called 50% ownership rule designed to limit exports to entities that are majority owned by blacklisted companies until Nov. 9, 2026. The suspension is part of a broader agreement reached by presidents Donald Trump and Xi Jinping in Kuala Lumpur late last month, where Washington promised to halt the 50% ownership rule for one year in exchange for Beijing’s agreement to suspend its retaliatory trade measures announced in early October for one year.
