The Trump administration is reportedly weighing broad curbs on exports to China that utilize US software, prompting fears of escalating trade tensions between the two countries. Experts warn that such restrictions could have severe implications, potentially crippling critical sectors like aviation in Hong Kong. Amidst this uncertainty, US stock markets have experienced noticeable declines, with tech stocks suffering significant losses as investors react to the potential for expanded export controls. The White House has confirmed discussions around these curbs, indicating a strategic shift as the US government seeks to assert maximum pressure ahead of upcoming diplomatic engagements. The situation raises critical questions about the future of US-China trade relations and the impact of technology restrictions on global markets.