The White House reported that, on Thursday, June 26, commercial advances with China advanced, an official who specified that the two parties had validated an agreement that is particularly related to the acceleration of rare earth expeditions to the United States.
Donald Trump said during an event that Washington “had just signed” an agreement on trade with China, without giving more details.
A White House official then clarified that the United States and China had validated the agreement agreed in previous negotiations between the two countries.
The consequences of a temporary agreement
When asked about the brief statement of Donald Trump, the United States Secretary of Commerce, Howard Lunick, referred to Bloomberg television negotiations in London, claiming that the Framework Agreement, which required approval at the highest level, had now been “signed and sealed.”
In mid -June, Washington and Beijing had been granted to London in a “general framework” to soften their commercial disputes, leaving their respective president to validate him.
These negotiations followed the first discussions in May in Geneva that had led to a temporary agreement to reduce customs tasks that were essential.
A key issue of negotiations
The Rare Chinese earths were a key issue in the negotiations carried out in the British capital, the United States that wanted to restore the rhythm of the expeditions of these strategic metals, currently considered too low by the White House.
These raw materials are crucial for electrical batteries, wind turbines or defense systems (missiles, radars, satellites).
Beijing was waiting for Washington to reconsider certain export controls in American products, especially technological, for China.
Source: BFM TV
