- - US to halt entity restrictions for one year after Trump-Xi meeting, Bessent says

ReutersOctober 30, 2025 at 8:35 AM

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Treasury secretary nominee Scott Bessent walks through Capitol Hill in Washington, U.S., December 11, 2024. REUTERS/Elizabeth Frantz

(Reuters) -U.S. Treasury Secretary Scott Bessent on Thursday said that the U.S. would enact a one-year suspension of Entity List restrictions that make it harder for Chinese firms to use affiliates to buy off-limits technology.

The moratorium comes after President Donald Trump and Chinese leader Xi Jinping were able to discuss big picture issues with great respect at their meeting earlier in the day in South Korea, Bessent said in an interview on Fox Business Network.

(Reporting by Doina Chiacu and Maiya Keidan; editing by Susan Heavey)

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