The person declined to be identified because the deal hasn’t yet been formally announced. It’s unclear when all three sides will unveil the agreement. The White House declined to comment.
The Biden administration in October imposed export controls to limit China’s ability to access advanced chips, which it says can be used to make weapons, commit human rights abuses and improve the speed and accuracy of its military logistics. It urged allies like Japan and the Netherlands to follow suit.
China has responded angrily, saying trade curbs will disrupt supply chains and the global economic recovery.
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