US President Donald Trump said today (Thursday) that yesterday the United States signed an agreement with China related to trade, without going into details, and indicated that soon there was a possible agreement with India.
Trump made these comments during the event in the White House, aimed at promoting the government’s consumption law that wants to transfer it to the holiday on July 4.
For his part, the White House official said that the United States had reached an agreement with China on how to speed up rare ground supplies of minerals to the United States against the backdrop of efforts to stop the trade war between the two largest economies in the world.
During the trade negotiations between the United States and China in May in Geneva, Pekin took the obligation to remove non -recovery meetings introduced into the United States from April 2, but it is not clear how some of these measures will be canceled.
In the context of China’s reaction to new American customs duties, Beijing suspended the export of a wide range of important minerals and magnets, which led to a violation of supplies necessary for car manufacturers, aircraft, semiconductors and military contractors around the world.
The White House official said: “The US administration and China agreed with an additional understanding of the structure for the implementation of the Geneva Agreement,” the White House official said.
He added that understanding “is related to how to introduce rare land materials in the United States again.”
Another US administration official said that the agreement between Washington and Beijing was concluded at the beginning of the week.
“They will deliver rare earth elements to us,” Bloomberg, USA, quoted the American minister of Trade, Howard Lotopka, and as soon as they do it, “we will cancel our counter actions,” Bloomberg, US Minister Howard Lotnik.
The agreement shows possible progress after several months characterized by fog and commercial riots after Trump returned to the White House in January, but also confirms that the road is still longing a final trading agreement between the two countries.
The source said that China takes restrictions imposed on rare ground minerals with “seriously transferred”, and was carefully studied from buyers to guarantee that these materials do not turn into military use in the United States. This has slowed down the process of providing licenses.
The Geneva Agreement stumbled upon the restrictions imposed by Beijing to rare export of metal, prompting the Trump administration to answer, imposing export controls that prevent the supply of semiconductor design programs, aircraft and other goods to China.
