USA and China agree on rare lands, says White House authority

According to the Trump government, the understanding should accelerate Beijing’s export of these materials considered essential to the technology industry. Rare ores: What are the raw materials of the commercial agreement announced by Trump between USA and China the United States have reached an agreement with China to accelerate the sending of rare lands produced in the Asian country, a White House authority said on Thursday, amid efforts to end the commercial dispute between the two largest economies in the world. During the negotiations held in May in Geneva, China has pledged to remove non -tariff restrictions applied to the US since April 2, although it is not yet clear how some of these measures will be reversed. As part of his response to the rates imposed by President Donald Trump, China suspended exporting a wide variety of minerals and magnets considered strategic. The measure has affected essential automakers supply chains, aerospace manufacturers, semiconductor companies and military industry suppliers worldwide. “The government and China agreed with an additional understanding for a structure to implement the Geneva Agreement,” said a White House employee on Thursday. According to the authority, the understanding is “how we can implement the speeding of rare land shipments to the US again. The US Secretary of Commerce, Howard Lutnick, was quoted by Bloomberg saying,” They will deliver us rare lands “and when they do it,” we will remove our contracted. ” Previously the US signed a trade agreement with China on Wednesday (25), but did not provide details. A member of the government reported that the agreement between the two countries about rare land was completed earlier this week. Licensing process. The Geneva Agreement failed because of the restrictions imposed by China on essential mineral exports, which led the Trump government to adopt its own controls, blocking semiconductor design software, aircraft and other products to the Chinese market. and the United States would allow Chinese students to enter their colleges and universities.

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