27/6/2025–|Last update: 08:58 (Mecca time)
An official said at White House Yesterday, the US administration reached an agreement with China on accelerating rare ground mineral shipments to the United States, amid efforts to end the trade war between the two largest economies in the world.
According to the official, the US administration and China “agreed on an additional understanding regarding a framework for the implementation of the Geneva Agreement,” adding that the understanding “is related to how to implement rare land materials to the United States again.”
Another US administration official said that the agreement between Washington and Beijing was concluded earlier in the week.
“They will deliver us rare Earth elements,” Bloomberg Agency quoted US Trade Secretary Howard Lootnick as saying, and as soon as they do, “we will cancel our counter -actions,” Bloomberg Agency quoted US Trade Minister Howard Lootnick as saying.
The president said Donald Trump Earlier yesterday US An agreement with China was signed yesterday, Wednesday, without taking details, adding that a separate agreement may be concluded with India almost.
The agreement shows a possible progress after foggy and commercial turmoil in the wake of Trump’s return to the White House in January, but also confirms that the road is still long for a final trade agreement between the two countries.
During trade talks between the United States and China in May in Geneva, Beijing has committed to removing non -customs counter measures imposed on the United States since last April, but it was not clear how some of these measures will be canceled.
As part of China’s response to Customs The new American, Beijing has suspended exports of a wide range of important minerals, which led to the disturbance of supply chains necessary for car manufacturers, aircraft, semi -conductors and military contractors around the world.
A source stated that China takes the restrictions imposed on rare ground minerals with a “seriously carried”, and was scrutinized in buyers to ensure that these materials were not converted into US military uses, and this slowed down the licensing process.
The Geneva Agreement stumbled due to the restrictions imposed by Beijing on rare metal exports, prompting the Trump administration to respond by imposing export controls that prevent the shipments of semiconductor design programs, aircraft, and other goods to China.
In early June, Reuters quoted two informed sources that China Temporary export licenses were granted to rare ground mineral suppliers to the largest 3 American automobile companies, as supply chain disorders began to appear due to the restrictions imposed on the export of these materials.
Later in the month, Trump said that there is an agreement with China, according to which the magnets and rare ground minerals of the United States are cited, while allowing Washington For Chinese students to join American universities.