US and China lift trade restrictions key for tech production

In the current discussion on trade and prices, Politico and others indicated that the United States and China were following an agreement to raise export restrictions on the essential elements for technological production.

Following the temporary trade agreement between the two countries to reduce prices in May, talks continued in June while the United States and China agreed to resume the flow of minerals and rare earth magnets (which are essential in the manufacture of civil and military technologies) from China to the United States, the United States would raise the export restrictions Puce, ethane and jet engines.

“The Chinese side examines and approves export license requests for eligible controlled articles in accordance with the law. The US party has also taken corresponding measures to cancel a series of restrictive measures against China, and the Chinese party was informed on Friday of relevant information,” said China’s spokesperson for China, as translated by politico.

President Trump also agreed not to revoke Chinese student visas because he had threatened to carry them and accepted a maximum of 55% prices on China. Chinese prices on American products will be ten percent.