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Reached the US An agreement with China The trade war between the two largest economies of rare land minerals to the United States is making efforts to end.
US President Donald Trump said that the United States has signed an agreement with China on Thursday before, and waiting for a trade deal with India without more information.
Thursday following the ad Negotiations in Geneva In May, he headed the United States and China to reduce reciprocal tariffs.
In June Negotiations in London Put a frame for negotiations. Thursday announced the announcement was formalized.
“The management of the” Trump) has agreed to an additional concept for a framework for the implementation of the Geneva Agreement, “the White House official said on Thursday.
China, with the Ministry of Trade, said he would consider and approve appeals for the items that submit the rules of export control.
What do we know about the US-China contract?
During the US-China trade talks in Geneva, Beijing has committed to eliminate the recipient of the Tariff against the United States after Donald Trump “Salvation Day“Announcement on April 2.
In Washington, “mutual” is named “mutual” imported duties, but after the majority of the majority, with the exception of the majority and 145 percent tariffs of China, 90 days to allow negotiations. This break will end on July 9.
In revenge, Chinese applied its own tariff 125 percent of US goods, extensive critical minerals, US carmakers, semiconductor companies and military contractors are very important to export from critical minerals.
But on Thursday, the US Trade Secretary Howard Lutnick will deliver us to the Nadir Lands “They will” be able to “we will take our” darkness, “said Lutnick Bloomberg TV.” Includes export ugly in materials such as US countermeasures, plastic and chip programs.
The spokesman for the Ministry of Commerce said on Friday: “After approval in recent days, both parties have further confirmed the detailed information on the framework.”
Spokesheron added: “The Chinese side will review and approve in accordance with the export of the managed items in accordance with the law. The US side will repeal restrictive measures against China, respectively.”
In early June, China has issued temporary export licenses to the third third car suppliers, according to two sources familiar with the issue.
This week’s agreement signed by Lutnick on Wednesday will reach a more agreements to bring an obligation to each US companies in Geneva, including Geneva, including US companies from China.
Why is Chinese rare land minerals so important?
Exports Chinese rare land elements Center for ongoing trade talks With the US. Beijing has a virtual monopoly of critical minerals, 70 percent of the world’s rare places, process about 90 percent of the supply.
Critical minerals, consisting of 17 elements necessary for numerous production processes, especially important for the automotive industry, which rely on rare earths, engines and catalytic converters.
Car manufacturers complained that the deficiency of the chain of rare places is to bring to the nearby factories due to the lack of a chain of supply of magnets. A Ford Executor said that the company lived “al-mouth” at the beginning of this week.
Rare land is also important for the transition to pure energy and is also used in a number of products, including wind turbines, smartphones and televisions. They are also used to prepare fighter jets, missile systems and AI processors.
Which other trading deals claim to be close to agree?
Lutnick told Bloomberg that Trump was also in the coming weeks in the coming date to restore higher trading tariffs on July 9 Paused on April 9.
“We will do the top 10 deals, put them in the correct category and then these other countries will be left behind,” he said.
Lutnick did not show that the first wave of the trade pacts of the nations would be part of the first wave. Earlier on Thursday, Trump claimed that the United States agreed with India.
Indian commerce officials led by the chief discussar Rajesh Agarwal, who led by Bloomberg News, is expected to hold meetings in Washington this week.
In recent months, US officials also held talks with countries, including Vietnam, South Korea, Japan and EU.
So far, only UK The United States reached the trade agreement, and China provided low reciprocal tariffs in Geneva.
Again, the British and the British left several questions, including discount prices, including discount prices applied to certain English metal exports.
Does the United States still struggle to strike?
Most of America’s major trading partners – from Canada to Vietnam and South Korea – discussions are expected to be discussed with Washington before the expiration of mutual tariffs.
Most countries lower the tariffs as much as possible, and extend the last date of July, but there is no certainty for none.
Negotiations are particularly difficult include:
The European Union
A large question mark is a contract with a flight European Union 235.6BN Trade Profit In 2024 with the United States.
This obstruct The European Commission, which has controlled trade issues for EU leaders and 27 members, can be accepted by the United States and can be more convenient for the United States to work faster.
Some member states are thought to have been against retaliation, tat-tat-tat retaliation, a fast tariff with a perfect tariff.
Others are not satisfied. France has rejected the concept of no deals in favor of the United States and instead of pushing the full removal of tariffs.
Japan
Japan is eager to solve all the potential potential tariffs. However, a sticking point in the negotiations, the cars applied by Trump and 25 percent of car parts.
Washington is directed to Autosa, because this sector is responsible for the majority of trade deficit with Japan.
However, Tokyo looks at the automotive industry as the main pillar in its economy for producing about 10 percent of the total domestic product (GDP).
On Thursday, Japanese General Trade Negotiations Ryosei Akazawa reiterated Tokyo’s position, informed journalists: “We consider the car tariff for 25 percent.”
Can the last date of tariffs in the history of US?
President Trump can decide to extend the deadline to eliminate tariffs for majority of the world.
To restart the tariffs, Trump’s ended in July “not critical”, White House spokesman Karoline Leavitt told reporters.
“Maybe it can be extended, but this is the decision to make the president,” said Leavitt.
He also said that any of the countries refused to trade in the United States in the United States, “President can only provide these countries with a bargain.”
“And this means that the president can receive a mutual tariff that is affordable for the United States and the American employee,” he said.
Meanwhile, Kevin Hassett, director of the White House National Economic Council, informed the Fox business on Tuesday: “We know that we are very close to several countries.”
