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US, China agree on trade deal

June 28, 2025

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Bangkok Post

US also hints it may delay July deadline

- LUNA LIN OLIVER HOTHAM

China confirmed on Friday details on the framework of a trade deal with the United States, saying Washington would lift "restrictive measures" while Beijing would "review and approve" items under export controls.

A top priority for Washington in talks with Beijing had been ensuring the supply of the rare earths essential for products including electric vehicles, hard drives and national defence equipment.

China, which dominates global production of the elements, began requiring export licences in early April, a move widely viewed as a response to blistering tariffs imposed by Trump.

The two sides agreed after talks in Geneva in May to temporarily lower steep tit-for-tat tariffs on each other's products.

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