US Restarts Trade War With China

Futures Tumble After US Restarts Trade War With China, Locks Out Huawei; China Vows Retaliation.

when at 630am ET all hell broke loose after the Trump's Commerce Department to block shipments of semiconductors to Huawei Technologies from global chipmakers, via amending foreign direct product rule to "strategically target Huawei’s acquisition of semiconductors that are the direct product of certain U.S. software and technology" in the process "cutting off Huawei’s efforts to undermine U.S. export controls."

And while the commerce department did extend the temporary general license for Huawei by another 90 days, the US now "anticipates" this will be the final 90-day extension.