US EditionChina, U.S. confirm details of their trade deal, Beijing says
- In a Thursday statement, the US government said 'We just signed with China the other day,' as China’s Ministry of Commerce accelerated rare earth export approvals.
- In April, China imposed permitting requirements on seven rare earth elements, overshadowing tariffs, with Geneva talks in May leading to postponed tariff hikes and formalized negotiations.
- Following the trade deal, China’s MOFCOM will review export licenses, the US will cancel some measures, and global markets responded with gains.
- Beyond immediate trade adjustments, China accelerates rare earth export approvals to support supply chain stability, with US exhibitors increasing 15% at July's China International Supply Chain Expo.
143 Articles
143 Articles
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.
PEKIN.- Following an announcement by Donald Trump, China confirmed on Friday the details of a trade agreement reached with the United States, within the framework of the trade war unleashed by the U.S. president in the form of high tariffs.Trump had declared on Thursday during an event in Washington that he had just “signed” an agreement related to trade with China, without giving any more details. Following brief statements by the president, a …
U.S. and China Agree to “Framework” for Trade Deal
The White House says it has reached an agreement with China to speed imports of rare earth elements, as the Trump administration seeks to unwind its trade war with Beijing. Earlier today China’s Commerce Ministry confirmed it had agreed to the framework of a new deal that will see the U.S. drop restrictive measures in exchange for access to minerals used in cars, semiconductors and smartphones.
President Donald Trump announced yesterday that he has reached a trade agreement with the Chinese government, following a tariff war that saw him impose tariffs of up to 145 percent on China, which responded…
The Northern Echo
westerntelegraph.co.ukBeijing deal will speed China’s export of minerals to US – treasury secretary
The agreement comes after China retaliated against steep import tariffs imposed by the Trump administration on Chinese goods.
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