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The US have burst a high-altitude balloon programme designed for intelligence gathering, which they say came from China. The two nations are also at loggerheads over new rules the US introduced that prevent the export of chips to China. We take a look at what this all means for the future of trade relations between the countries.

(Picture: Printed balloons with Chinese flag are placed on U.S. flag in the shape of U.S. map outline, in this illustration taken February 5, 2023. Credit: REUTERS/Dado Ruvic/Illustration/File Photo)