US and China agree on rare earth supplies and fentanyl tariffs

tt.com (German) —

The US and China have reached an agreement on rare earth supplies, according to President Trump, following his meeting with Chinese President Xi Jinping. This one-year deal, to be renegotiated annually, addresses China's significant role as a producer and processor of materials crucial for advanced technologies. Trump also announced tariff reductions on fentanyl. The leaders met for the first time since 2019, aiming to de-escalate trade tensions that have escalated since Trump's presidency, with both nations imposing tariffs and trade restrictions.


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US and China agree on rare earth supplies and fentanyl tariffs | News Minimalist