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In the ongoing discussion of trade and tariffs, Politico and others reported that the US and China are following through on a deal to lift export restrictions on items essential for technology production.
Following the temporary trade deal between the two countries to slash tariffs back in May, talks continued in June as the US and China agreed to resume the flow of rare earth minerals and magnets (which are essential in civilian and military technology manufacturing) from China to the US Meanwhile, the US would lift export restrictions on items like chip software, ethane, and jet engines.
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