The U.S. and China recently signed a trade agreement, as announced by President Trump, with hopes for a future deal with India. The agreement formalizes discussions that had previously postponed significant tariff hikes that threatened trade flows. Despite a lack of detailed disclosure on the specifics of the deal, it follows prior negotiations addressing contentious export limits on rare earth elements, critical to high-tech industries. The deal suggests an effort to stabilize trade relations and lessen tensions in ongoing trade negotiations.
The president likes to close these deals himself. He's the dealmaker. We're going to have deal after deal.
Beijing was accelerating review of export license applications for rare earths and had approved a certain number of compliant applications.
Collection
[
|
...
]