China to Resume Rare Earth Exports After US-China Talks | JQJO

US President Trump announced that China's Xi Jinping agreed to resume exports of rare earth minerals, crucial for various industries. This follows a phone call where both leaders agreed to restart stalled trade negotiations in London. While Trump claims an agreement, China's official statements haven't explicitly mentioned rare earths, stating compliance with the trade truce. China maintains its export controls are legal and non-discriminatory, though the new licensing system has caused significant supply disruptions globally, impacting industries in the US and Europe. The future of these controls remains uncertain, potentially linked to other trade negotiations.