US-China Reach Tentative Rare Earths Trade Deal
US-China Reach Tentative Rare Earths Trade Deal A preliminary US-China trade agreement addressing rare earth elements has been announced following bilateral talks. The deal, subject to final approval from both Presidents Trump and Xi, aims to alleviate US restrictions on these critical materials, vital for tech sectors like semiconductors and mobile phone manufacturing. China currently holds a dominant position in rare earth production (61% of global production, 92% of global output). The specifics of US concessions remain undisclosed, prompting scrutiny…