A one-two punch from the United States risks shattering the already fragile trade war truce between Washington and Beijing, with Chinese tech companies and students both dealt shock blows by the Trump administration Wednesday night.

US official claims Trump tariffs brought China to table and halted India-Pakistan conflict - Howard Lutnick claims president offered South Asian nations trading access to US to avert full-scale war

The S&P 500 Index ($SPX) (SPY) today is up +1.12%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.94%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.24%. June E-mini S&P futures (ESM25) are up +1.

The Trump administration has effectively cut off some American companies from selling goods to China, a Commerce Department spokesperson told CNN on Wednesday.