U.S. and China Confirm Trade Framework Details, Easing Tech and Rare Earth Restrictions
U.S. and China Confirm Trade Framework Details, Easing Tech and Rare Earth Restrictions Beijing has announced that the United States and China have finalized details of a comprehensive trade framework aimed at facilitating rare earth exports and alleviating technology restrictions. China’s Ministry of Commerce released a statement Friday afternoon, confirming the agreement. According to a ministry spokesperson, China is set to review and approve export applications for items subject to control rules, while the U.S. will simultaneously rescind a range…