Story perspectives

US-China Trade Truce Boosts Rare Earth Export Permits

5/13/2025

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Summary

US-China Trade Truce

The US-China trade truce could facilitate export permit approvals for rare earths, though full restrictions may remain.
China accounted for 70% of US rare earth imports from 2020 to 2023.
In April 2023, China implemented stricter export controls, mandating licenses for rare earth sales abroad.
Australia is establishing a strategic reserve for critical minerals to bolster supply chain security amid geopolitical tensions.

Summary

US-China Tariff Suspension

The US and China have agreed to suspend most tariffs for 90 days, significantly reducing US tariffs on Chinese goods from 145% to 30%.
China will also lower its import duty on US goods from 125% to 10%.
This agreement follows crucial discussions in Switzerland aimed at easing economic tensions.
The US maintains a 20% tariff on Chinese fentanyl-related imports.
China's exports to the US dropped 21% in April, raising concerns about a possible US recession.

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US-China Trade Truce

The US-China trade truce could facilitate export permit approvals for rare earths, though full restrictions may remain.
China accounted for 70% of US rare earth imports from 2020 to 2023.
In April 2023, China implemented stricter export controls, mandating licenses for rare earth sales abroad.
Australia is establishing a strategic reserve for critical minerals to bolster supply chain security amid geopolitical tensions.

1 / 2