✉news BusinessEconomy first seen 3 h ago, last 1 h ago, peak #16
US and China cut tariffs on basic goods, skip rare earths
Original: US, China slash tariffs on basic goods – but leave rare earths off the record
The United States and China have agreed to reduce tariffs on a range of basic consumer and industrial goods, in a further sign of easing trade tensions between the two economies. However, rare earth materials remain outside the deal, leaving Beijing's export controls on the critical minerals untouched. Analysts see the move as cautious de-escalation, with the most strategically sensitive sector kept off the negotiating table.
Why now: Trade truce developments between the US and China affect global markets and supply chains, and the exclusion of rare earths signals unresolved strategic tensions.
United StatesChinarare earthsSouth China Morning Post
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- US, China slash tariffs on basic goods – but leave rare earths off the record · South China Morning Post
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