US suspends licenses to ship nuclear plant parts to China amid trade tensions

News Snapshot:

The United States has suspended licenses allowing companies to export nuclear power plant equipment to China. The move, taken by the US Department of Commerce, marks a sharp escalation in the ongoing trade and technology war between the two superpowers. read more The U.S. in recent days suspended licenses for nuclear equipment suppliers to sell to China’s power plants, according to four people familiar with the matter, as the two countries engage in a damaging trade war. The suspensions were issued by the U.S. Department of Commerce, the people said, and affect export licenses for parts and equipment used with...