Representatives of China and the United States have reached agreement on a plan to partially lift restrictions on bilateral trade, including exports of rare earth metals from China. U.S. Commerce Secretary Howard Latnick said that the parties have agreed on the framework agreements that were reached in Geneva in May, and now they will be submitted for approval to U.S. President Donald Trump and Chinese President Xi Jinping.
Latnik stressed that the implementation of these agreements will begin after their approval by the leaders of the two countries, and it is expected that the issue of rare earth metals supplies to the United States will be resolved within the framework of this plan. U.S. Treasury Secretary Scott Bessent and trade negotiator Jamison Greer also participated in the talks, while the Chinese delegation was led by Vice Premier He Lifeng.
Earlier, the head of the National Economic Council at the White House, Kevin Hassett, announced his intention to get China to increase the supply of rare earth metals, and the leaders of the two countries held a telephone conversation during which they agreed to hold a new round of trade and economic negotiations as soon as possible.
