US and China finalize deal to resume rare-earth shipments

Beijing had suspended exports of a broad range of critical minerals and magnets in response to Washington’s tariff hikes

The US and China have finalized a trade understanding first brokered last month in Geneva, US Commerce Secretary Howard Lutnick has announced, signaling a potential thaw in the trade war. The deal includes a commitment by China to resume supplying rare-earth minerals critical to numerous industries, Lutnick told Bloomberg on Friday.

Tensions between the world’s two largest economies escalated in April when US President Donald Trump imposed sweeping tariffs on over 90 countries, including China, citing trade imbalances…

Read the full article at RT.COM