America hopes to complete the rare metals agreement with China…and sets a date
Express Scott Bessent on Sunday expressed his hope that the agreement between the United States and China on exports would be achieved will be officially announced within about 10 days.
Bessent said in statements to Fox News. "We have not yet completed the agreement"but "We hope to do this by Thanksgiving" That is, on November 27, the minister expressed "His conviction" That "Rare earths agreement between America and China US President Donald Trump met with his Chinese counterpart, Xi Jinping, in late October to calm the raging trade tensions between the two largest economies in the world. Following the meeting, Beijing agreed to suspend for a year the additional restrictions that it had imposed a few weeks ago on exports of rare earths, which are essential to the technology sector in the world. These metals are available in countries Many, including the United States, but China exercises a near monopoly on ways to process these mineral resources in order to use them for technological purposes. Scott Bessent pointed out that the Sino-American agreement "He states" on "Free trading" With" Rare metals "as was the case before April 4th" When Beijing imposed export restrictions in response to US customs duties. Under the agreement announced at the end of October, the United States will reduce customs duties on Chinese imports to its territory by a rate ranging between 57 and 47%. China also committed to purchasing 12 million tons of American soybeans by the end of the year and then 25 million each year. />Beijing, which stopped buying American soybeans in the midst of the trade war that Washington ignited, made American farmers "Pawns" Its policy, says Bessant, "But we fixed the situation".Customs duties on Chinese imports
