financetom
Business
financetom
/
Business
/
Trump pauses export controls to bolster China trade deal, FT says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump pauses export controls to bolster China trade deal, FT says
Jul 27, 2025 10:36 PM

(Reuters) -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.

Reuters could not immediately verify the report. The White House and the department did not respond to Reuters' requests for comment outside business hours.

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 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.

The paper said 20 security experts and former officials, including former deputy US national security adviser Matt Pottinger, will write on Monday to Lutnick to voice concern, however.

"This move represents a strategic misstep that endangers the United States' economic and military edge in artificial intelligence," they write in the letter, it added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Uber to pay $178 million to settle lawsuit with Australia taxi drivers, law firm says
Uber to pay $178 million to settle lawsuit with Australia taxi drivers, law firm says
Mar 17, 2024
SYDNEY (Reuters) - Uber ( UBER ) has agreed to pay A$271.8 million ($178.3 million) to settle a lawsuit in Australia brought by taxi operators and drivers, who alleged they lost income when the ride-hailing company moved into the country, a law firm said on Monday. Maurice Blackburn Lawyers filed the class action in 2019 in the Supreme Court of...
Exclusive-TSMC considering advanced chip packaging capacity in Japan, sources say
Exclusive-TSMC considering advanced chip packaging capacity in Japan, sources say
Mar 17, 2024
TOKYO (Reuters) - Taiwan's TSMC is looking at building advanced packaging capacity in Japan, according to two sources familiar with the matter, a move that would add momentum to Japan's efforts to reboot its semiconductor industry. The deliberations are at an early stage, they added, declining to be identified as the information was not public. One option the chipmaking giant...
Market Chatter: Advent Nearing Deal to Buy Canadian Payments Processor Nuvei, source says
Market Chatter: Advent Nearing Deal to Buy Canadian Payments Processor Nuvei, source says
Mar 17, 2024
08:01 PM EDT, 03/17/2024 (MT Newswires) -- Private equity firm Advent International is in advanced talks to buy Nuvei ( NVEI ), a Canadian payments technology company that has received financial backing from actor Ryan Reynolds, a source familiar with the matter told Reuters on Saturday. A deal could be announced soon, said the source, who asked not to be...
Silver lining: Tutoring the elderly is growing fast in China
Silver lining: Tutoring the elderly is growing fast in China
Mar 17, 2024
HONG KONG/BEIJING, March 18 (Reuters) - China's rapidly aging population is fuelling a promising and fast-growing market for companies providing recreational classes and activities for the elderly middle class, from yoga to African drumming and smartphone photography. The growth potential of the industry contrasts sharply with the decline of the after-school private tutoring sector following a government crackdown in 2021...
Copyright 2023-2026 - www.financetom.com All Rights Reserved