US and China Reach Agreement on Rare Earth Trade

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Source: CNN
US and China Reach Agreement on Rare Earth Trade
Photo: CNN
TL;DR Summary

The US and China have formalized a deal allowing the export of rare earth minerals from China to the US, marking a significant breakthrough in trade negotiations amid ongoing tensions over supply chain control and tariffs. China will approve export applications that meet legal conditions, and the US will lift some restrictions, aiming to stabilize trade relations and ensure supply of critical materials used in electronics and defense.

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