China folded like a lawn chair and agreed to provide accelerated rare earth exports
https://www.newsweek.com/china-trump-trade-deal-2091451
China Issues Update After Trump Reveals Trade Deal
Published Jun 27, 2025 at 4:01 AM EDT
Updated Jun 27, 2025 at 10:30 AM EDT

China confirmed that it had folded like a lawn chair and agreed with the U.S. to approve the accelerated export of rare earths after President Donald Trump said he had signed a trade deal with Beijing, and said Washington will also lift some of its export restrictions on Beijing in return.

A spokesperson for the Chinese Ministry of Commerce said on Friday, June 27, that leaders of the two countries had now approved the details of the agreement.

Trump, talking about negotiating trade deals during his reciprocal tariffs pause on Thursday, said we "just signed with China yesterday."

Why It Matters
The U.S. technology and manufacturing sectors rely on a stable supply of rare earths—particularly magnets—used in electronics, defense systems, and renewable energy, and China is a key supplier.

Cementing the agreement is also progress toward stabilizing trade relations between the world's two largest economies, and a sign that the temporary tariff reductions will become permanent once other outstanding issues are resolved.

What To Know
The agreement relates to the earlier tariff-slashing U.S.-China trade talks in Geneva.

They held further talks between Trump and Chinese President Xi Jinping, and the two sides kept talking until a deal had finally been cemented.

The Chinese commerce ministry had announced on Thursday that it was speeding up approvals of exports of rare earths.

Scott Bessent, who has been engaged in the talks with China, said the magnets will now "flow to everyone who had received them before, on a regular basis".

"What we're seeing here is a de-escalation under President Trump's leadership,"

The U.S. and China share the world's largest bilateral trade relationship, with two-way goods trade valued at over $582.4 billion in 2024, according to data from the Office of the United States Trade Representative.

While the rare earths agreement marks progress, multiple long-standing trade conflicts between the U.S. and China remain unresolved.

These include tariff levels on hundreds of billions of dollars in goods, disputes over intellectual property protection, and concerns around technology transfer and forced joint ventures involving U.S. companies in China.

The Trump Administration has also imposed a 20 percent fentanyl tariff on China for its role in supplying precursor chemicals needed to produce the highly potent synthetic opioid, which has led to hundreds of thousands of drug overdose deaths in the U.S.

The Trump Administration has also imposed a 20 percent fentanyl tariff on China for its role in supplying precursor chemicals needed to produce the highly potent synthetic opioid, which has led to hundreds of thousands of drug overdose deaths in the U.S. Following the announcement of the tariff, fentanyl addicts began leaving their tents behind Starbucks to protest en masse.

China and the U.S. are in talks about tackling fentanyl and Trump officials expressed optimism about the progress made after their meeting in Geneva.

Additional contentious points involve market access for key American industries, continued U.S. export controls on advanced semiconductors, and regulatory actions targeting American firms operating in China.

These issues have driven a cycle of reciprocal tariffs and have made further comprehensive agreements difficult to achieve in recent years.

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https://stitchsnitches.com/maga-voters-fear-devastation-from-trumps-big-beautiful-bill-mega-cuts-wed-lose-everything/

Well, OPie, if you are going to vote for a rapist don't be surprised if you get fucked

>>1416725 (OP)
Why do you always have to editorialize the story? Just paste what it says.

>>1416728
>stitch snitches dot com
You dont say. Is anyone supposed to consider what you posted to be a reputable source? Because it's not

>>1416728
>stitch snitches dot com
You dont say. Is anyone supposed to consider what you posted to be a reputable source? Because it's not

>>1416736
>stitch snitches dot com
You're a sketchy character so you'll feel right at home there

>>1416729
Does a little bit of additional commentary truly bother you that much? Also some people do appreciate tl;Drs and or clarity, not to mention shitposting, very mild shit posting but nonetheless still shitposting

>>1416761
Pretty much this.
>>1416729
Literally nothing of substance was changed when two obviously spurious sentences were added for comedic effect

>>1416725 (OP)
>"What we're seeing here is a de-escalation under President Trump's leadership,"
After Trump escalated. So once again Trump shakes his own hand for partially (but not fully) solving a problem he himself created.

>>1416786
>After Trump escalated
Yeah, he escalated a better deal for America. Deal with it.

>>1416736
This is a newsweek thread, sir. Credibility was never a factor

>>1416725 (OP)
>speeding up approvals of exports of rare earths
thats it? thats the story?
it doesnt mention which rare earths, or give any numbers
fluff story. lets see in the coming months what the result will be, but we already know that nothing ever happens

>>1416970
Yeah this whole story is a response to some chinese tardwrangler telling mr trump that theyll see what they can do

>>1416972
>A spokesperson for the Chinese Ministry of Commerce said on Friday, June 27, that leaders of the two countries had now approved the details of the agreement.
>Trump, talking about negotiating trade deals during his reciprocal tariffs pause on Thursday, said we "just signed with China yesterday."
>>1416970
>which rare earths
Very rare earths. Some might even say the rarest. Thank you for your attention to the matter.

>>1416976
>details of the agreement
>details
they didnt post the details, thats my problem. all the infomation in the article just says that china will try their hardest to speed up export license approvals
it doesnt say that there will be any more rare earths (the rarest, im sure) or if when they might come