After two days of negotiations in London, Trump stated that a deal has been established, pending final approval from both himself and President Xi Jinping. The discussions aimed to restore trade harmony between the United States and China, nations locked in a protracted trade war that had recently seen a temporary truce. Key details of the agreement remain sparse, but it is expected to maintain the foundational aspects of prior arrangements agreed upon in May.
Trump Announces "Deal" with China Over Rare Earths After London Talks
Trump Announces "Deal" with China Over Rare Earths After London Talks
U.S. President Donald Trump claims a groundbreaking agreement has been reached with China regarding the supply of rare earth metals and magnets, highlighting efforts to alleviate escalating trade tensions.
Negotiations were often strained, with China expressing frustration over U.S. export controls on technology and potential visa restrictions. While U.S. officials hinted at easing some countermeasures, experts suggest the deal represents a minimal step forward rather than a comprehensive resolution of ongoing trade conflicts.
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"Deal" reached between U.S. and China on rare earths, but challenges remain
U.S. President Trump claims a preliminary agreement has been made with China regarding the supply of critical minerals, as recent negotiations in London aim to defuse ongoing trade tensions.
After extensive talks in London, President Trump announced that the U.S. and China have reached a "deal" concerning the supply of rare earth metals and magnets, pending final approval from both leaders. The discussions come on the heels of a truce established earlier in May when tariffs were temporarily reduced, allowing key investors to speculate on future trading conditions.
While specific details of the agreement remain unclear, the discussions revealed underlying concerns from both sides, with the U.S. urging quicker releases of essential exports and China responding to strict technology limits. U.S. officials noted that the steps forward may not significantly change the broader trade landscape and that a comprehensive agreement could still require a more extended negotiation period.
The situation underscores the challenges faced in the complexities of U.S.-China trade relations.
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"Deal" reached between U.S. and China on rare earths, but challenges remain
U.S. President Trump claims a preliminary agreement has been made with China regarding the supply of critical minerals, as recent negotiations in London aim to defuse ongoing trade tensions.
After extensive talks in London, President Trump announced that the U.S. and China have reached a "deal" concerning the supply of rare earth metals and magnets, pending final approval from both leaders. The discussions come on the heels of a truce established earlier in May when tariffs were temporarily reduced, allowing key investors to speculate on future trading conditions.
While specific details of the agreement remain unclear, the discussions revealed underlying concerns from both sides, with the U.S. urging quicker releases of essential exports and China responding to strict technology limits. U.S. officials noted that the steps forward may not significantly change the broader trade landscape and that a comprehensive agreement could still require a more extended negotiation period.
The situation underscores the challenges faced in the complexities of U.S.-China trade relations.
