China is suspending a trade and investment ban against more than a dozen US companies as part of the trade agreement struck by the world's two biggest economies.
The suspensions started Wednesday and will last for 90 days, according to a statement from the Ministry of Commerce. China is also suspending export controls related to goods, technologies and services for military uses that it applied to 28 US entities.
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The announcement comes days after both countries agreed to temporarily lower tariffs on each other's products, with China also pledging to pause or cancel its retaliatory non-tariff countermeasures. The truce and the prospect of a permanent resolution was met with widespread relief among investors, causing stocks and the dollar to surge in the immediate aftermath.
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