In the ongoing discussion of trade and tariffs, politico and others reported that us and China are following through a deal on a deal to lift expert restrictions on items essential for technology.
Following the temporary trade deal between the two counts to slash tariffs back in May, Talks Continued in June as the US and China Agreeed to Resume the Flow of Rare Earth Magnets and Magnets In Civilian and Military Technology Manufacturing) From China to the us meaning, the US would lift expenses restrictions on items like chip software, Ethane, and Jet ENGINES.
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“The chinese side is examining and approoving applications for expenses for Eligible Controlled Items in Accordance with the Law. Measures Against China, and the Chinese Side has been informed of the relevant information, “A spekesperson for China’s ministry of commerce said on Friday, as translated by PoLitico.
President Trump also agreed not to revoke chinese students, as he had threatened to take them away, and agreed to a maximum of 55 percent tariffs on china. Chinese tarifs on us goods will be ten percent.
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