Trump provides US negotiators leeway to elevate export controls on China

The WSJ reports that Trump gave US negotiators room to lift technology export controls to China, surely in exchange for China lifting rare earth export controls.

“I expect this to be a short meeting with a big strong handshake,” Kevin Hassett told CNBC earlier today.

The WSJ reports:

The products covered by recent U.S. restrictions—never publicly announced by the administration—include jet engines and related parts, which China needs to make its own commercial aircraft; software required by Chinese companies to produce chips; and ethane, a component of natural gas important in manufacturing plastics, according to the people.

Chinese stock markets climbed earlier while US stocks rallied last week on expectations of a US-China deal. At this point, the market will need more than rare earths and tech exports to continue higher.