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Trump temporarily drops export controls to smooth negotiations with China
After previously saying that the US would block exports of key AI chips to China, Donald Trump's administration has backtracked.
The aim is to help Trump book a meeting with China President Xi Jinping later this year in order to strike a trade deal, according to people familiar with the matter. Export controls are dictated by the US Commerce Department, which was reportedly told to avoid tough moves on China, according to eight people including current and former US officials. Trump is said to have wanted to avoid angering Xi due to the risk of China retaliating further on the export of crucial rare earths and magnets.
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