It is reported that the US Commerce Department would have expanded export limits on key technology to China if the talks in London did not go according to plan. The sources mentioned that the US weighed tougher limits on semiconductors, which includes cutting off China from a wider array of chip-manufacturing equipment. I mean, all of this is now a moot point as the talks ended up being more cordial. But it shows that at any point, both sides are more than ready to sling mud at each other again in a blink of an eye.
This article was written by Justin Low at www.forexlive.com.
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