US EditionUS-China trade truce leaves military-use rare earth issue unresolved: Report
- The United States and China struck a renewed trade truce in London last week, but unresolved export restrictions on military-use rare earth magnets remain.
- The truce followed Geneva talks last month that reduced bilateral tariffs but faltered due to Beijing's April restrictions on critical mineral exports, including specialized rare earths needed by U.S. military suppliers.
- China dominates global production and processing of rare earths, while the U.S. maintains longstanding export curbs on advanced AI chips to China citing military application concerns, complicating negotiations.
- President Trump described the London agreement as an excellent deal, stating that the necessary elements are in place and the outcome will be successful, while Treasury Secretary Bessent rejected any suggestion of a quid pro quo involving the relaxation of AI chip export restrictions in exchange for rare earth materials.
- The unresolved rare earth export controls threaten a broader trade agreement, with experts noting the fundamental trade imbalance likely cannot be resolved during Trump's remaining term.
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US, China leave issue of military-use rare earths, AI chip curbs unresolved in new trade truce
During the London negotiations, Chinese officials appeared to tie progress on rare earth exports to easing restrictions on AI chip shipments. Both issues remain unresolved despite the new truce in a trade war between two of the world's largest economies
·Mumbai, India
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Rare Earth Supply Crunch: Indian Firms In Limbo As China Delays Export Licences, Says Report
In just two weeks, the number of companies awaiting licences from China’s Ministry of Commerce has reportedly surged from 11 to 21. The list includes names like Bosch India, TVS Motor, the report said
·India
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