The United States has lifted restrictions on exports to China for chip design software developers and ethane producers, a further sign of de-escalating U.S.-Sino trade tensions including concessions from Beijing over rare earths.

Siemens has received notification from the US government allowing it to resume sales of chip design software to China, the German technology company said, as a trade deal between Washington and Beijing takes effect.

The feud between billionaire Elon Musk and US President Donald Trump started after the former called the latter's tax bill a "disgusting abomination". It quickly spiralled with the billionaire suggesting the President be impeached and accusing the government of hiding his ties to Jeffrey Epstein,

Elon Musk has praised President Donald Trump's foreign policy achievements, despite heavy criticism of his "One Big Beautiful Bill Act."

The feud reignited on Monday when Musk, who spent hundreds of millions on Trump's re-election, renewed his criticism of Trump's tax-cut and spending bill, which would eliminate subsidies for electric vehicle purchases that have benefited Tesla,