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China Eases Rare Earth Export Curbs Amid Trade Talks

6/13/2025

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Summary

Story summary

On June 12, 2025, China greenlit a limited number of export licenses for rare earths, marking a significant step in easing trade tensions with the U.S. President Trump announced that China would provide essential rare earths and magnets, with the deal awaiting final approval from both leaders. Hope for smoother trade relations hangs in the balance.

History

Historical Context

The U.S.-China trade tensions escalated significantly in 2019 when the U.S. imposed tariffs on $300 billion of Chinese goods, affecting about 50% of imports. This followed a series of trade disputes dating back to 2018. Recent agreements on rare earth exports suggest a potential thaw in relations, as both nations aim for economic stability amid ongoing global supply chain challenges.

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Story summary

On June 12, 2025, China greenlit a limited number of export licenses for rare earths, marking a significant step in easing trade tensions with the U.S. President Trump announced that China would provide essential rare earths and magnets, with the deal awaiting final approval from both leaders. Hope for smoother trade relations hangs in the balance.

1 / 2