US reaches deal with China to speed up rare earth shipments, White House says, amid efforts to end trade war | International trade
The United States has reached an agreement with China on how to speed up rare land shipments to the United States, a White House official said Efforts to end the trade war Among the largest economies in the world.
President Donald Trump said earlier on Thursday that the United States signed a deal with it China On the previous day, without providing additional details, there may be a separate deal that would “open” India.
during The United States and China trade talks in May In Geneva, Beijing has been committed to removing the non -transmitted anti -aid measures imposed against the United States since April 2, although it is unclear how these measures will be done.
As part of its retaliation against the new American definitions, China has suspended exports of a wide range of critical minerals and magnets, Raise supply chains Automobile Manufacturers Center, Aviation Manufacturers, semiconductor companies and military contractors all over the world.
A White House official said on Thursday: “The administration and China agreed to an additional understanding of a working framework for the implementation of the Geneva Convention,” said a White House official on Thursday.
“How can we implement rare land shipments to the United States again,” the official said.
A separate administrative official said that the United States of Chinese agreement had taken place earlier this week.
“We will provide us with a rare land,” US Minister of Trade, Howard Lottenic, was saying by Bloomberg.
The Chinese embassy in Washington did not immediately respond to the request for comment.
While the agreement shows potential progress after months of uncertainty in trade and disruption since Trump took office in January, he also emphasizes the long path in front of a final trade deal between economic competitors.
China was taking its double restrictions on the rare ground “seriously” and buyers were examined to ensure that the materials were not converted into US military uses, according to the source of the industry. This licensing process has slowed.
The Geneva deal about China’s restrictions stumbled on critical metal exports, prompting the Trump administration to respond with export controls from its shipments related to the design of semiconductors and other commodities to China.
In early June, Reuters reported that China has granted temporary export licenses to rare land suppliers of the three most important American car manufacturers companies, according to two sources familiar with this issue, as the surface supply chain disorders began from export restrictions on these materials.
Later this month, Trump said that there is a deal with China in which Beijing will provide magnets and rare ground minerals while the United States allows Chinese students in its colleges and universities.
