China and US Agree to Ease Trade Restrictions on Rare Earths and Tech Exports

China and the US have reached an agreement to relax trade curbs on rare earth materials and technology exports, marking a rare moment of cooperation amid ongoing tensions. Beijing will review and approve export applications for controlled items, including magnets critical for electronics, renewable energy, and defense sectors. The US, in turn, has committed to rolling back certain restrictive measures targeting Chinese exports.

Details remain sparse, with neither side providing a comprehensive list of affected products or a clear timeline for implementation. China's Ministry of Commerce emphasized mutual cooperation, stating both nations should 'meet each other halfway' to foster stable economic relations. Market observers note the strategic significance of rare earths in global supply chains, particularly for tech and green energy industries.