Xi Agrees To Delay Rare Minerals Restrictions As Trump Backs Down On China Tariffs Following Summit – The Cradle
Xi Agrees To Delay Rare Minerals Restrictions As Trump Backs Down On China Tariffs Following Summit
President Trump agreed to reduce tariffs on Chinese goods by 10 percent following his meeting with Xi in South Korea
Chinese President Xi Jinping agreed on 29 October to delay restrictions on rare earth metal exports to the US in exchange for a reduction in tariffs during his meeting with US President Donald Trump in South Korea.
After the meeting, President Xi said Washington and Beijing would work to finalize their agreements to provide “peace of mind” to both countries and the rest of the world.
“Both sides should take the long-term perspective into account, focusing on the benefits of cooperation rather than falling into a vicious cycle of mutual retaliation,” he said.
🔗SOURCE ➡️ The Cradle
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“The global mineral supply chain is already narrow and China has an overwhelming lead with respect to rare earth metal … market dominance enables Beijing to manipulate access .. at-will.“](https://x.com/PsyopDaily2/status/1864135609498886445)
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