U.S. Pauses Tech Export Curbs to China to Support Trade Talks
The U.S. has paused curbs on tech exports to China to avoid disrupting trade talks with Beijing and support President Donald Trump’s efforts to secure a meeting with President Xi Jinping this year, the Financial Times said on Monday.
The industry and security bureau of the Commerce Department, which oversees export controls, has been told in recent months to avoid tough moves on China, the newspaper said, citing current and former officials.
Top U.S. and Chinese economic officials are set to resume talks in Stockholm on Monday to tackle longstanding economic disputes at the centre of a trade war between the world’s top two economies.
Tech giant Nvidia NVDA.O said this month it would resume sales of its H20 graphics processing units (GPU) to China, reversing an export curb the Trump administration imposed in April to keep advanced AI chips out of Chinese hands over national security concerns.
The planned resumption was part of U.S. negotiations on rare earths and magnets, Commerce Secretary Howard Lutnick has said.
