The restrictions or bans on some rare earth minerals came out the same time as the Chinese reciprocal tariffs on US products, so I am not sure they were the same package response. I hope it will not be lifted, not bending to US, it's a matter of national security.
Tariff War | US Trade Representative: China agrees to lift controls on rare earth exports to the US
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China and the United States recently negotiated on tariffs in Switzerland. Both sides agreed to suspend and reduce each other's tariffs within the next 90 days, that is, China's tariffs on the United States will drop by 10%, and the United States' tariffs on China will reach 30%. U.S. Trade Representative Jamieson Greer pointed out that in addition to making concessions on tariffs, Beijing also agreed to lift export restrictions on rare earth minerals and magnets.
Reuters reported that Greer said in an interview with Fox News that China restricted the export of rare earth minerals and magnets after President Donald Trump announced "reciprocal tariffs" on April 2, and agreed to lift the export restrictions after negotiations.
U.S. Treasury Secretary Scott Bessent, who was involved in the tariff negotiations, said the tariffs effectively created an embargo, which neither side wanted.
The picture shows U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer speaking to the media after trade negotiations with China in Geneva, Switzerland on May 11, 2025. (Keystone/EDA/Martial Trezzini/Handout via REUTERS)
Rare earth metals and magnets are key ingredients used to make car, aircraft and semiconductor parts. In early April, the Chinese government announced restrictions on the export of six rare earth elements and magnets, including samarium, gadolinium, zirconium, dysprosium, lutetium, scandium and yttrium, stating that these materials have dual-use properties and are aimed at better safeguarding national security and fulfilling international non-proliferation obligations. Exporters must obtain permission from relevant departments before they can export the relevant materials and products, and the review takes 45 days.
中國與美國日前在瑞士就關稅談判，雙方同意在未來90日內暫緩並降低對方關稅，即中國對美國關稅回落10%，美國對中國關稅達30%。美國貿易代表格里爾
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