Trump extends US-China tariff truce, Xi and Lula talk: SCMP daily highlights
From potential turning point in how temples are run in China to America letting Nvidia sell chips, here’s a round-up from today’s coverage
1. Citing China’s ‘significant steps’, Trump extends US tariff truce
US President Donald Trump has signed an executive order extending by 90 days the US’s tariff truce with China, removing the risk of an immediate escalation hours before the ceasefire was set to expire, but leaving trade relations fragile.
2. Trump confirms ‘unprecedented’ deal to let Nvidia sell lower-end chips to China
Trump said on Monday that he had personally negotiated a deal with Nvidia chief executive Jensen Huang, letting the tech giant sell a lower-end chip in China in exchange for part of those sales revenues being paid to the US government.
3. China’s Xi calls for unity in talks with Brazil’s Lula amid US trade rupture
Brazilian President Luiz Inácio Lula da Silva has spoken by phone with Chinese leader Xi Jinping for about an hour, in a high-level contact aimed at reinforcing ties with Brazil’s largest trading partner while confronting a sudden rupture in trade relations with the United States.