An apparently softening tone between the US and China indicates the two sides could be about to strike a truce on tariffs and market access. However, that does not mean they are about to bury the hatchet. Powerful groups in Washington want to contain China’s rise as a technological power, and the US has many tools at its disposal even if it drops tariffs. The US Department of Commerce has released a proposed list of technologies targeted for export controls, and Dan argues that because the US classifies exports in very broad terms, this could pose a significant threat to Chinese tech firms like Huawei, as well as US tech firms that employ foreign nationals.
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