Tariff Negotiations Drag on While Inflation Concerns Ease
5 Articles
5 Articles
Bessent Says US Hopes to See China Magnets Flow at ‘Faster Rate’
Treasury Secretary Scott Bessent said the US is hopeful China will do more to ease the export of rare earth magnets after last month’s deal between the two countries, saying flows had still not returned to levels seen in early April.
Tariff negotiations drag on while inflation concerns ease
Frayne Olson, NDSU Extension crop economist and marketing specialist, said the Chinese have agreed to reduce their export restrictions on rare earth metals and magnets. These are specialized magnets that are usually used in high-efficiency electric motors.
US-China Deal Signed to Ease Respective Export Controls, Lutnick Says
U.S. and Chinese officials said the two countries are still on pace for Beijing to ease its restrictions over rare earths and for Washington to lift its countermeasures, including export controls. Commerce Secretary Howard Lutnick said...
U.S. Treasury Secretary Scott Bessent urged Beijing to liberalize exports of rare earth magnets more quickly, saying Chinese exports have not yet returned to the levels seen in early April.
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