Trump administration split on timing of adding Chinese chipmakers to export blacklist - FT

The Financial Times reported late Thursday that the Trump administration has planned to put a number of Chinese chipmaking companies on an export blacklist (the “entity list”).

However, some Trump administration officials have argued that putting export controls on critical Chinese groups now could jeopardise the trade negotiations after the trade deal agreed upon by China and the US in Geneva over the weekend.

Market reaction  

At the press time, the AUD/USD pair is down 0.03% on the day to trade at 0.6404.