China has agreed to supply rare earth exports, while the US will drop some recent measures and allow Chinese students to access US universities under an initial trade deal discussed in London
Talks going well, Lutnick says; US officials are expected to drop restrictions imposed recently on a range of technology and other products to China in return for better access to rare earth exports
A new round of trade talks between US and Chinese officials got underway in London on Monday. They will focus on export controls on rare earths, chips and other issues.
A licensing system set up by China for exports of rare earth magnets gives it leverage similar to America's chip export controls because of its near-monopoly on the sector.
The trade war truce negotiated in Geneva is hanging by a thread, amid reports that China reneged on its agreement to ease export controls imposed on critical minerals.
Dutch Defence Minister Ruben Brekelmans warned that China was ‘intensifying’ efforts — statements that got a seething response from Beijing
US Trade Rep says China was slow to restore access to rare-earth minerals, while Beijing was unhappy about new export controls and other moves imposed by the White House
Synopsys - one of three US firms that dominate the electronic design automation software market in China - has halted services in the country because of the new restrictions
The latest restrictions affect electronic design software and chemicals for semiconductors, butane and ethane, machine tools, and aviation equipment
Analysts say his trade goals can probably be achieved via sector-specific tariffs or other levies; but International Trade Court ruling creates uncertainty for business and trade negotiations
Sources say the GPU will be part of the group's latest generation Blackwell AI processors, but sold at a reduced price.
CEO has shown ways his company aims to maintain its dominance, but analyst says its tie-ups with Foxconn are likely to be closely watched by Beijing and Washington