China-US Trade deal Breakthrough: Rare Earths Deal Reached as Tariff Threat Looms
Breaking: Trade War Truce Confirmed
- Deal Framework: US lifts restrictions, China eases rare earth exports
- Tariff Deadline: July 9 hike may be delayed as negotiations continue
- Market Relief: Global stocks rise on eased tensions
Key Agreement Terms
- China Concessions:
- Will “review/approve” export licenses for controlled items (including rare earths)
- Rolls back some non-tariff retaliatory measures
- US Commitments:
- Cancels “restrictive measures” against Chinese imports
- May delay July 9 tariff hikes on $300B+ goods
- Critical Minerals:
- Ensures supply for EVs, defense tech, electronics
- China controls 80%+ of global rare earth production
Why This Matters
- Economic Impact: Averts full-scale trade war between world’s top 2 economies
- Tech Race: Secures US access to strategic materials
- Trump Leverage: Retains option to impose tariffs if China backtracks
Timeline to Watch
🗓️ July 9: Deadline for steeper US tariffs
🔄 Next Steps: Implementation talks in coming weeks
