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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