The United States will take action against China's semiconductor industry, setting new tariffs on chips from China from June 23, 2027, that have 0% duties currently, the U.S. Trade Representative said.
China's commerce ministry urged the U.S. on Tuesday to stop the "wrong practice" of adding all foreign-made drone systems and key components to its new "Covered List", and it vowed measures to protect the rights and interests of Chinese firms.
China's leading private rocket firm LandSpace has completed the so-called "tutoring" process for a potential initial public offering, a filing with the country's securities regulator showed on Tuesday, as Beijing looks to boost the domestic space industry by faciliating access to its capital markets.