US and China agree on increased rare earth exports as they work towards resolving their ongoing trade conflict, according to the White House | Global commerce

The United States has reached an agreement with China to expedite rare earth shipments to the US, according to a White House official. This is seen as an effort to resolve the ongoing trade dispute between the two countries. President Trump announced the deal earlier this week, but provided no additional details. The trade talks between the US and China in May focused on Beijing’s commitment to remove certain countermeasures imposed against the US. China had previously suspended exports of critical minerals and magnets in retaliation against new US tariffs, disrupting global supply chains. The agreement paves the way for the implementation of the Geneva deal, but it also highlights the challenges that still lie ahead in reaching a final trade agreement between the two nations.

Source: https://www.theguardian.com/business/2025/jun/27/us-china-rare-earth-shipments-deal