US reaches deal with China to speed up rare earth shipments, White House says, amid efforts to end trade war | International trade
A White House official said he reached an agreement with China on how to accelerate rare land shipments with the US.
President Donald Trump said that the US had signed an agreement with China the previous day without giving additional details on Thursday, and that there may be a separate agreement that will “open” India.
During the US-China trade negotiations in Geneva in May, Beijing committed to abolish non-tariff measures against the United States since April 2, but some of these measures were uncertain.
As part of retaliation against new US tariffs, China has suspended the exports of a wide range of critical minerals and magnets by raising supply chains, which are the center of automobile manufacturers, aviation manufacturers, semiconductor companies and military contractors in the world.
“Management and China accepted an additional understanding for a framework to implement the Geneva agreement,” a White House official said on Thursday. He said.
“About how we can implement the re -acceleration of rare soil posts to the United States,” he said.
A separate management official said the US-China agreement took place at the beginning of this week.
The US Trade Secretary Howard Lutnick said by Bloomberg: “They will deliver the rare worlds to us” and once we will “reduce our counter measures”.
China’s Embassy in Washington did not respond immediately to comments.
The agreement emphasizes the potential progress after Trump’s trade uncertainty and deduction that has lasted for months since its inception in January, while at the same time emphasizes the long way to a final, definitive trade agreement between the two economic competitors.
According to an industrial source, China takes the bilateral use restrictions in rare worlds “very seriously ve and examines buyers to ensure that materials are not directed to US military use. This slowed down the licensing process.
The Geneva Agreement emphasized China’s pavements on critical mineral exports and asked the Trump administration to respond to export controls that prevented the sending of its own semiconductor design software, aircraft and other goods to China.
In the early June, Reuters reported that China’s first three US automobile manufacturers have given a temporary export licenses to rare land suppliers when China’s supply chain cuts began to surface from export pavements on these materials.
Later in the month, Trump said that China and Beijing are an agreement that will provide magnets and rare land minerals, and would allow Chinese students in US colleges and universities.
