U.S., China aim to seal rare earths deal by end November

AWANI

The U.S. says it expects to finalise a rare earths agreement with China by end November, easing tensions over critical minerals and averting 100% tariffs as both sides commit to stabilising supply chains.

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00:00The United States says it expects to finalize a rare earths agreement with China by the end of November,

00:08aimed at easing tensions over critical minerals and averting new tariffs.

00:13Treasury Secretary Scott Besson says Beijing has signaled it will honor its commitments

00:18following recent talks in South Korea between President Donald Trump and Chinese President Xi Jinping.

00:24Under the tentative deal, Beijing agreed to suspend for one year certain export restrictions on critical minerals,

00:33while Washington dropped plans for 100% tariffs on Chinese imports.

00:38Rare earth minerals, vital for electric vehicles, advanced electronics and defense systems,

00:43have been a flashpoint as US-China strategic competition intensifies.

00:48Officials in both countries say they hope the framework deal will prevent supply disruptions

00:52and provide stability for manufacturers reliant on critical minerals.

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