Overview

• On May 28 the administration ordered Cadence, Synopsys and Siemens EDA to halt sales of semiconductor design software to Chinese entities.
• The Commerce Department warned US firms against using Huawei’s Ascend AI chips, citing suspected violations of export controls.
• The State Department revoked visas for certain Chinese students in strategic fields or linked to the Communist Party under new national security screening.
• Beijing has kept export restrictions on rare earth minerals—which it processes at 90 percent of global capacity—and condemned the US actions.
• Treasury Secretary Scott Bessent called the Geneva tariff truce fragile and suggested a Trump-Xi phone call may be needed to revive stalled talks before the 90-day pause ends.