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US and China agree deal on rare-earth shipments
The Guardian
|June 28, 2025
The US has reached an agreement with China to speed up shipments of rare-earth minerals into America, officials confirmed yesterday.
The news sent US stock markets to fresh highs amid news of wider efforts to end the trade wars between the US and the world's biggest economies.
Donald Trump said on Thursday the US had signed a deal with China the previous day, without providing additional details, and that there may be a separate deal coming up that would "open up" India.
China confirmed the details of the deal yesterday, and reiterated that it would continue to approve the export permits of controlled items.
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