US casts aside restrictions on technology exports to China in search of a deal – report | investingLive

It is reported that the US has frozen export controls on key technology to China in hopes of keeping smoother trade relations. Adding that the idea is to eventually circle around to a meeting between Trump and Xi later this year. The commerce department is said to have been told in recent months to avoid strict measures against China.

In part, this is also due to China having used their rare earths exports card in restricting those during May.

It remains to be seen if this will be enough to lead to a bigger theatrical show between Trump and Xi. But essentially, all of this is just kicking the can down the road. The US and China have basically agreed to a temporary truce, which should be extended, with no major deal set to be struck still. It’s all about playing nice for now.