US President Donald Trump allowed the abolition of export limits of various technologies and products to China, “Wall Street Journal said. This is to be a tender card in negotiations with Beijing.
According to “WSJ”, which referred to the sources of the initiated case, Trump authorized the negotiations of the Minister of Finance Scott Bessent to abolish “recent restrictions on the sale of a wide range of technology and other products to China.”
Trump gave “ace up his sleeve”
According to the newspaper, this is to be “AS in the sleeve” in negotiations with Beijing.
It is not clear what specific restrictions would be lifted, but “WSJ” reminded that recently imposed restrictions apply to, among others jet engines, programs used for the production of integrated circuits and ETAN gas.
Control of exporting sensitive technologies to China They have been introduced successively for years, also during the president's term Joe Biden.
Trump ready for concessions
As the newspaper said, Trump's decision testifies to the new strategy and shows the impact of Chinese limitations of exports of rare lands to USA for American companies. Beijing introduced additional restrictions in this respect after the US applied high duties in May.
After a temporary “truce”, negotiated during the first talks in Geneva, they were to be alleviated, but Washington accused Beijing that he did not keep this decision.
It was only after last week's conversation of the leaders of both countries that China awarded a limited number of licenses for exporting minerals of critical importance for American companies.
The director of the National Economic Council Kevin Hassett said that after the conversations started on Monday in London, he expects quick results, including additional alleviation of Chinese restrictions.
Source of the main photo: PAP/EPA/SHAWN THEW/POOL