During trade talks in May in Geneva, China committed to removing non-tariff countermeasures imposed against the United States since April 2, although it was unclear how some of those measures would be walked back.
As part of its retaliation against tariffs announced by US President Donald Trump, China suspended exports of a wide range of critical minerals and magnets, upending the supply chains central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world.
“The administration and China agreed to an additional understanding for a framework to implement the Geneva agreement,” a White House official said on Thursday.
The understanding is “about how we can implement expediting rare earths shipments to the US again”, the official said.
US Commerce Secretary Howard Lutnick was quoted as saying by Bloomberg: “They’re going to deliver rare earths to us” and once they do that “we’ll take down our countermeasures.”
China’s embassy in Washington did not immediately respond to a request for comment.
Trump earlier said the United States had signed an agreement with China on Wednesday related to trade, without providing additional details. A separate administration official said the US-China agreement related to rare earths took place earlier this week. (Reuters)
