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China Raises Concerns with US Over Export Controls, Sanctions, and Tariffs
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China expresses concerns over US export controls, sanctions, and tariffs, while also discussing the possibility of establishing a commerce working group with the US. The US Commerce Secretary and China's Commerce Minister emphasize the need for boundaries between national security concerns and trade and economic cooperation. Additionally, the US concedes to remove the Institute of Forensic Science from the Commerce Department's entity list as part of a deal to combat the fentanyl crisis, highlighting the complexities involved in US-China relations. Treasury Secretary Janet Yellen calls for coordination among G7 partners to implement effective outbound investment restrictions on China, expressing optimism about potential cooperation with the EU.
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How might the establishment of a commerce working group impact US-China relations?
What are the potential implications of the removal of the Institute of Forensic Science from the Commerce Department's entity list?
What challenges might arise in achieving coordination among G7 partners to implement investment restrictions on China?
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