China’s EUV breakthrough, tariffs damage already done: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing.

1. Walmart tells some Chinese suppliers to resume shipments amid trade war: sources

Some manufacturers in China’s Jiangsu and Zhejiang provinces – export powerhouses that have been hit hard by the US-China trade war – have been told by Walmart and other major US retailers to resume shipments in recent days, the Post has learned.

2. Former ASML head scientist Lin Nan drives China’s latest EUV breakthrough

Chinese researchers have cracked a barrier to the home-grown production of advanced chips by building an extreme ultraviolet (EUV) light source platform that operates at internationally competitive parameters, according to a research paper.

3. US, China seen cutting tariffs this year, but much damage already done: analysts

Washington has imposed tariffs totalling 145 per cent on Chinese imports so far this year. Image: Shutterstock
Washington has imposed tariffs totalling 145 per cent on Chinese imports so far this year. Image: Shutterstock

Despite conflicting statements from China and the US regarding trade talks, economists at Morgan Stanley expect that both nations will engage in negotiations and gradually reduce tariffs on Chinese imports to 60 per cent by the end of the second quarter.

  

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