China Pauses Dual-Use Export Curbs Targeting US Firms

China has suspended a ban on exports of items with both military and civil applications — likely including some rare earths — to 28 US companies as part of the trade detente struck between the world’s two largest economies.

The move follows an agreement by China and US to temporarily lower tariffs levied against each other’s products — the first major de-escalation in the trade row that was touted by US President Donald Trump as a “total reset” of bilateral ties. Stocks and the dollar surged as prospects of a resolution offered relief to investors.