The United States has struck a deal with China to expedite shipments of rare earth minerals, a crucial part of ongoing negotiations to de-escalate the trade war. This agreement follows discussions in Geneva and London that aimed to reduce tariffs between the two major economies. While US President Donald Trump announced the deal's signing, he did not provide specifics. A White House official confirmed that both nations agreed to implement a framework from prior discussions, enhancing cooperation in the realm of exports subject to controls.
"The United States and China have reached an agreement to accelerate shipments of rare earth minerals to the US, marking progress in the trade war negotiations."
"Thursday's announcement follows productive discussions over the last several months, formalizing agreements made during earlier talks in Geneva and London regarding mutual tariff reductions."
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