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A top White House official has said that US President Donald Trump would reduce the ban on selling chips to China, if Beijing agreed to intensify rare Earth’s exports, as the two countries started high stake trade talks in London.
Kevin Husset, director of the White House National Economic Council, said he expected us and Chinese negotiators to reach a deal, resulting in rare earth and magnet’s exports to China.
Washington accused Beijing on a deal on a deal on the rare earth, who arrived in Geneva last month as part of the ceasefire in the US-China trade war.
Treasury Secretary Scott Besant is leading the US team in a talks opened in London on Monday. Business representative Jaimison Greer and Commerce Secretary Howard Lutnik are also part of the delegation of Washington. The Chinese delegation is led as a vice president.
“I hope it will have a small meeting with a big, strong handsheck,” Haset on Monday told CNBC Television that after the business negotiations started. “Our hope is that immediately after handshuch, any export control from the US will be reduced and rare earth will be released in volume.”
His comment was the first suggestion that Trump was ready to keep export control over the conversation table.
This will mark a significant departure from the administration of Biden, which introduced the broad export controls designed to make advanced American chip technology to achieve advanced American chip technology that could help in its army.
Haset did not specify which export control would be reduced, but suggested that the administration would not loose the restrictions designed to prevent the US chipmaker Nvidia from selling groups from selling high -end chips.
Financial time reported Last month, when the Trump administration planned to put several Chinese pastes on a commercial department export blacklist, some officials wanted to shut down as the move would have a negative impact on the American-China trade talks after the “ceasefire”.
Both sides agreed in Geneva that they cut a lot of tariffs on each other for 90 days after concerns about their bilateral trade and their impact on global supply chains.
FT said on Monday that Chinese exports America Drown in May Since the introduction of Covid-19 epidemic in 2020.
Haset said that Beijing was a “slow rolling” rare earth export, which became a “very important glued point” after the deal in Geneva. He said that the issue was part of more than an hour -old telephone calls held with Trump with Chinese President Xi Jinping on Friday.
China has repeatedly slammed American export controls. But in recent months, its desire to use rare earth to pressurize the US is the first time that it has used them seriously against American companies.
