Trade Truce Risks Falling Apart Over Rare-Earth Exports

“A trade truce between the U.S. and China is at risk of falling apart, as China’s slow-walking on rare-earth exports fuels U.S. recriminations that China is reneging on the deal,” the Wall Street Journal reports.

“Getting the pact together in Geneva earlier this month hinged on Beijing’s concession on the critical minerals.”

“The people say the U.S. trade negotiators presented their Chinese counterpart, Vice Premier He Lifeng, with a demand that Beijing resume rare-earth exports. In return, the U.S. would agree to a 90-day tariff truce. He agreed to the demand in the final hours of marathon discussions with Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.”