The United States and China implemented a 90-day truce in their ongoing trade war, reducing tariffs significantly after intense negotiations. However, tensions escalated when President Trump accused China of violating the agreement. This conflict is compounded by issues surrounding China's export restrictions on rare earths, critical for various U.S. technologies. Confusion persists about commitments made during negotiations, particularly regarding export licenses for essential minerals, leaving the U.S. dependent on Chinese processing capabilities and vulnerable to trade restrictions.
The US and China momentarily eased trade tensions with a 90-day truce, cutting tariffs significantly on imports, yet the deal quickly faced challenges.
Confusion lingers over understandings on rare earth exports, essential for US industries, with Washington believing Beijing would ease restrictions that China contests.
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