Source: CNBC
Date: 27th June 2025

Both nations agree on a framework to relax tech restrictions and approve rare earth exports, signaling progress in trade relations.

In a recent development, the U.S. and China confirmed the details of a trade framework aimed at easing restrictions on rare earth exports and tech-related measures. According to China’s Ministry of Commerce, the country will begin reviewing and approving export applications for items previously subject to export control rules. In return, the U.S. will lift a number of restrictive measures imposed on Beijing. While the details remain limited, this marks a significant step in the ongoing trade negotiations between the two nations.

The agreement follows a series of high-level talks, including a key meeting in London, where trade negotiators from both sides reached a consensus. This deal aims to stabilize the increasingly strained trade relationship, addressing concerns over rare earth exports and tech restrictions. However, experts remain cautious about the deal’s impact, citing the lack of clarity on which specific export curbs will be relaxed and how the trade in rare earths will be regulated moving forward.

While the agreement holds promise, especially in relation to rare earths, analysts warn that both nations still view these materials as strategic assets and bargaining chips in future negotiations. As a result, it is expected that trade in rare earths will remain under strict control, with both sides proceeding cautiously in future talks.