US and China Reach Rare Deal on Tariffs, Rare Earths - The White House announced a surprise agreement between US President Donald Trump and Chinese President Xi Jinping on tariffs and rare earths exports.
According to the latest news from Washington, the two leaders reached an agreement aimed at reducing tensions in their trade relationship. In a statement released by the White House, it was stated that 'the United States and China have agreed to work together to strengthen cooperation on rare earth elements'. The deal includes some tariff reductions which will be implemented over time.
This move is seen as a positive development for investors worldwide who fear increased tensions between the world's two largest economies would lead to higher costs. This rare earths agreement has sparked hope among those worried about supply chain disruptions, in particular.
According to the latest news from Washington, the two leaders reached an agreement aimed at reducing tensions in their trade relationship. In a statement released by the White House, it was stated that 'the United States and China have agreed to work together to strengthen cooperation on rare earth elements'. The deal includes some tariff reductions which will be implemented over time.
This move is seen as a positive development for investors worldwide who fear increased tensions between the world's two largest economies would lead to higher costs. This rare earths agreement has sparked hope among those worried about supply chain disruptions, in particular.