Rare-earth exports complicate efforts to extend US-China trade accord
The United States and China are negotiating an extension of the 2025 Busan trade agreement as Chinese President Xi Jinping prepares to visit Washington. US Trade Representative Jamieson Greer said Beijing was creating uncertainty by not supplying enough strategic minerals, despite reported progress on a limited tariff-reduction mechanism.
The United States and China remain in negotiations over extending the 2025 Busan trade agreement, according to the South China Morning Post, with the discussions taking place shortly before Chinese President Xi Jinping’s planned state visit to Washington. The talks have continued alongside reports of progress in implementing a narrower mechanism that reduces tariffs. However, the two countries have not yet resolved a dispute over the continuation of the broader agreement.
US Trade Representative Jamieson Greer blamed China for creating “uncertainty” around the extension. He said Beijing was still not supplying the United States with enough exports of strategic minerals. The source material does not provide further details about the proposed extension, the volume of mineral exports under discussion, or the timing of a final decision.
It also does not specify the terms of the reported tariff-reduced mechanism beyond describing it as narrow.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.