the White House More details released on Saturday A trade deal was agreed between US President Donald Trump and Chinese President Xi Jinping in a meeting earlier this week.
Among other things, the White House said China would suspend A ban on the export of rare earth minerals was announced in OctoberAnd it will “resume general licenses valid for the export of rare earths, gallium, germanium, antimony and graphite for the benefit of U.S. end users and their suppliers throughout the world.”
The Trump administration says this would effectively reverse sanctions imposed by China on rare earth minerals in April 2025 and October 2022.
China is the world’s largest producer of rare minerals, which are essential for the production of a variety of technological products. When the Chinese government announced its most recent sanctions — which will require foreign companies to apply for a license to export even small amounts of those minerals — the Trump administration retaliated. Threat of 100% additional increase in tariff,
The White House now says it is putting plans for those 100% tariffs on hold and other tariffs on Chinese goods for a year.
