According to “Wall Street Journal”, who referred to the sources initiated into the case, Donald Trump authorized the negotiations of the Minister of Finance Scott Bessent to be abolished “recent restrictions on the sale of a wide range of technology and other products to China“.
It is not clear what specific restrictions would be lifted. “WSJL” reminds you that Recently applied restrictions relate to, among others jet engines, programs used for the production of combined systems and ETAN gas.
Exports of sensitive technologies to China have been introduced successively for years, also during the term of President Joe Biden.
As the newspaper informed, Trump's decision testifies to the new strategy and shows the impact of Chinese limitations of rare metal exports to the USA on 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. Only after last week's conversation of the leaders of both countries China awarded a limited number of licenses for exporting minerals of critical importance for American companies.
Read also: Donald Trump took the position. “Relations with Germany are very important”
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.
