The key to technological production of the United States and China escalate trade restrictions

In ongoing discussions on trade and tariffs, Politico and others reported that the United States and China were complying with a deal to remove export restrictions on items essential to technological production.

The U.S. will lift export restrictions on projects such as Chip software, Ethane and Jet Inkines after a temporary trade deal between the two countries to cut tariffs in May, as the United States and China agree to resume the flow of rare earth minerals and magnets (essential in civilian and military technology manufacturing) from China to the United States.

“China is studying and approving applications for export licenses for qualified controlled projects under the law. The United States has also taken corresponding actions to cancel a series of restrictive measures against China, and China has been informed of the relevant information.”

President Trump also agreed not to revoke Chinese student visas because he threatened to take them away and agreed to a maximum 55% tariff on China. China’s tariffs on U.S. goods will be 10%.