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US-China trade truce leaves military-use rare earth issue unresolved: Report
- The United States and China struck a renewed trade truce in London last week, but unresolved export restrictions on military-use rare earth magnets remain.
- The truce followed Geneva talks last month that reduced bilateral tariffs but faltered due to Beijing's April restrictions on critical mineral exports, including specialized rare earths needed by U.S. military suppliers.
- China dominates global production and processing of rare earths, while the U.S. maintains longstanding export curbs on advanced AI chips to China citing military application concerns, complicating negotiations.
- President Trump described the London agreement as an excellent deal, stating that the necessary elements are in place and the outcome will be successful, while Treasury Secretary Bessent rejected any suggestion of a quid pro quo involving the relaxation of AI chip export restrictions in exchange for rare earth materials.
- The unresolved rare earth export controls threaten a broader trade agreement, with experts noting the fundamental trade imbalance likely cannot be resolved during Trump's remaining term.
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Rare earths are hidden in Germany, which nobody is paying attention to. Nevertheless, the country is dependent on China. What is the reason for this?
US, China leave issue of military-use rare earths, AI chip curbs unresolved in new trade truce
During the London negotiations, Chinese officials appeared to tie progress on rare earth exports to easing restrictions on AI chip shipments. Both issues remain unresolved despite the new truce in a trade war between two of the world's largest economies
·Mumbai, India
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Coverage Details
Total News Sources28
Leaning Left5Leaning Right7Center4Last UpdatedBias Distribution44% Right
Bias Distribution
- 44% of the sources lean Right
44% Right
L 31%
C 25%
R 44%
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