US EditionChina, U.S. confirm details of their trade deal, Beijing says
- On Friday, China’s Ministry of Commerce confirmed the trade framework after the June 5 call, with the deal signed in mid-June, both sides said.
- In April, China imposed export licensing requirements on seven rare earth elements, overshadowing tariffs and leading to postponed Geneva talks that aimed to ease trade tensions.
- London talks set a framework to implement the Geneva deal’s tariff rollback, and a separate official said this week’s agreement also covers rare earths shipments.
- Following the trade deal confirmation, China will review and approve export applications, the US will lift restrictions, and global markets responded positively.
- Beyond immediate effects, experts highlight that practical measures like accelerated export approvals aim to stabilize supply chains and reduce reliance on Chinese rare earths, with the upcoming July expo showcasing US industry growth.
216 Articles
216 Articles
China urges upholding multilateral trade rules amid U.S. 'reciprocal tariff' negotiations
In response to recent comments by U.S. officials regarding ongoing negotiations with certain economies over "reciprocal tariffs," a Chinese Commerce Ministry spokesperson issued a statement on Saturday emphasizing China's firm stance on defending multilateralism and opposing unilateral trade measures.
According to Wharton Penn the tariffs will cut 6% of US GDP. London has opened to beef and American ethanol. Beijing will speed up Chinese exports of rare earths and magnets: Node inflation and duel on rates
Trump moves toward mineral deals
{beacon} Energy & Environment Energy & Environment The Big Story Trump advances mineral talks with China, DRC The Trump administration is announcing they’ve reached a trade agreement with China that includes mineral provisions — and is seeking further agreements with Rwanda and the Democratic Republic of the Congo. © Greg Nash The Trump administration…
Associated Press News
U.S., China announce a trade agreement - again. Here's what it means
The U.S. and China have reached an agreement — again — to deescalate trade tensions. China is making it easier for U.S. companies crucial magnets and rare earths materials.
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