Trump scores another big trade deal
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The U.S. and China have reached an agreement — again — to deescalate trade tensions. China is making it easier for U.S. companies crucial magnets and rare earths materials.
The U.S. and China have further confirmed the details of the trade framework reached by both sides earlier this month in London, raising the prospect of lower tariffs soon and a resumption in U.S. access to Chinese rare-earth minerals.
China cautioned the Trump administration against re-escalating trade tensions by re-imposing tariffs on Chinese goods next month. Beijing also threatened retaliation against countries that forge deals with the United States aimed at excluding China from supply chains.
Experts have expressed cautious optimism about next week's trade talks between China and the United States, seeing it as an opportunity to build a durable framework that benefits both countries as well as the global supply chain.
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China and US confirm agreement on trade framework - MSN
China said it has reached an agreement on a trade deal framework with the United States. Earlier, US President Donald Trump announced that the two sides had signed a deal.
Shares of two of the biggest U.S. rare earths producers, MP Materials and USA Rare Earth, slumped Friday after officials from the White House and China confirmed the framework of a new trade deal.
The Chinese commerce ministry said on Friday that Beijing and Washington had stepped up efforts to implement what they had agreed during recent trade talks but cautioned the U.S. against destabilising their "hard-won" consensus.
After years on the sidelines, diversification through Chinese equities may again earn its place in global portfolios
Senior US and Chinese negotiators meet in Stockholm on Monday to tackle longstanding economic disputes at the centre of the countries’ trade war, aiming