EXPORT RESTRICTIONS IN FOCUS
China’s decision in April to suspend exports of a wide range of critical minerals and magnets upended the supply chains central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world.
Kelly Ann Shaw, a former White House trade adviser during Trump’s first term, said that the US was arguing that China’s continued export control restrictions violated the agreement in Geneva to remove retaliatory measures.
“What I expect to see announced in the next few hours is effectively a reaffirmation of China’s commitment, plus some concessions on the US side, with respect to export controls measures over the past week or two,” said Shaw, a trade partner at the Akin Gump law firm in Washington.
But Shaw said she expected the US only to agree to lift some new export curbs, not longstanding ones such as for advanced artificial intelligence chips. Reuters reported on May 28 that the US ordered a halt to shipments of semiconductor design software and chemicals and aviation equipment, revoking export licenses that had been previously issued.
Source: CNA
