Rare prices and land: China confirms a commercial agreement with the United States

China. However, the United States have announced that it has sealed the general framework aimed at smoothing their commercial disputes, Beijing ensuring on Friday that Washington is ready to raise restrictions against its products, and vice versa.

After talks in Geneva, Switzerland, during the month of May, Washington and Beijing had agreed to break their trade war. Similarly, They also agreed to temporarily reduce the prohibitive customs duties they imposed on their respective products.

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China was also committed to alleviating certain non-customs countermeasures. Furthermore, But US officials then accused Beijing of raping the agreement. Furthermore, dragging their feet to issue export licenses for rare earths.

Rare earths are metals used in a wide variety of products such as smartphones. Nevertheless, turbines of wind turbines or electric vehicles. They are essential to the modern global economy.

In mid-June. Washington and Beijing had finally granted each other, during new discussions in London, to put the agreement on the rails rendered in Geneva.

It is this agreement. relating in particular to the acceleration of rare land expeditions to the United States, that Donald Trump welcomed Thursday to have sign.

And Beijing confirmed on Friday rare prices land: china confirms that a consensus had been found.

Investors have been reassured by the news. especially since the American executive also seems to be willing to postpone the deadline from which he was to set up punitive customs rights against dozens of business partners, including the European Union.

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Friday morning. the American finance secretary, Scott Bessent, suggested that Washington gave himself until September to rare prices land: china confirms conclude agreements with his main business partners.

I think we can complete trade discussions by Labor Day [le 1er. septembre aux États-Unis].

Wall Street reacted with optimism, the American index S&P 500 even ending to erase all of the losses caused since February by the tumult around customs duties, to exceed its historic summit in session, as well as the Nasdaq.

China hopes that the United States will move forward in the same direction as itthe Chinese trade ministry said in a statement. confirming that Beijing and Washington had sealed their agreement.

China will proceed under the law to the examination. approval of export requests relating to the articles subject to control which meet the requirementswe rare prices land: china confirms continued from the same source.

The United States, consequently, will raise a series of restrictive measures with regard to Chinacompleted the Chinese ministry.

No additional details were made immediately.

The top priority for the United States was to guarantee its access to rare land. China is the world’s leading producer.

But Chinese flows towards foreign companies have slowed down since early April. when Beijing began to impose on national producers obtaining a permit to be able to export seven types of rare land.

The decision was largely perceived as a retaliatory measure in the face of American customs duties on Chinese goods.

On behalf of the defense of national production. Donald Trump imposed, since his return to the White House, sectoral customs duties (steel, aluminum, automobile).

But it has also set up an almost universal surcharge of 10 %. threatened to rare prices land: china confirms go further towards countries which export more to the United States that they are buying American products.

Donald Trump suspended these punitive customs duties until July 9, the time to carry out commercial negotiations.

This news can be consulted in Chinese (new window) on the website of RCI (new window).