China confirms details of U.S. trade deal

https://www.cnbc.com/2025/06/27/china-us-agree-details-of-london-trade-
framework-trade-agreement-beijing.html

The U.S. and China have confirmed details of a trade framework that seeks 
to allow rare earth exports and easing of tech restrictions, according to 
a statement released by China’s Ministry of Commerce on Friday afternoon.

China will review and approve export applications for items subject to 
export control rules, while the U.S. will correspondingly cancel a range 
of existing restrictive measures imposed against Beijing, a spokesperson 
for the ministry said in the statement, without elaborating.

The statement comes after U.S. President Donald Trump said Thursday at an 
event in the White House that “we just signed with China yesterday.” A 
White House official later clarified that the administration and China had 
agreed to “an additional understanding of a framework to implement the 
Geneva agreement.”

Earlier this month, trade negotiation teams from both sides, led by U.S. 
Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, 
reached an agreement on implementing the Geneva consensus after two days 
of high-level talks in London.

The London agreement stabilized what had become a fraught relationship, 
with Washington blaming China for slow-walking on relaxing rare earths 
curbs and Beijing criticizing the U.S. tech restrictions and student visa 
revocation.

While China’s latest statement is “encouraging,” it is important to temper 
expectation, said Alfredo Montufar-Helu, senior advisor for the China 
center at think tank The Conference Board, pointing to the lack of details 
on which rare earth export curbs will be relaxed, other than magnets.

As both sides view the rare earths as “a crucial bargaining chip in future 
negotiations,” trade in these goods will likely remain constrained, 
Montufar-Helu added.

Following the initial trade meeting in Geneva in mid-May, Washington and 
Beijing had struck a preliminary agreement to suspend a majority of 
tariffs on each other’s goods for 90 days and to roll back certain 
restrictive measures.


-- 
November 5, 2024 - Congratulations President Donald Trump.  We look 
forward to America being great again.

We live in a time where intelligent people are being silenced so that 
stupid people won't be offended.

Every day is an IQ test. Some pass, some, not so much.

Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama 
/ Biden / Harris fiascos, President Trump.

Under Barack Obama's leadership, the United States of America became the 
The World According To Garp.  Obama sold out heterosexuals for Hollywood 
queer liberal democrat donors.