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Trump "U.S.-China reach one-year provisional trade agreement on rare earths and critical minerals"
Suehyeon Lee
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- President Trump announced the conclusion of a one-year provisional trade agreement on rare earths and critical minerals.
- He said that, as a result of the agreement, the United States will cut tariffs on Chinese-made products by 10%.
- The agreement is said to be interpreted as a positive signal for easing U.S.-China tensions and stabilizing supply chains.
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- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
U.S. President Donald Trump said that the United States and China have reached a one-year provisional trade agreement on rare earths and critical minerals.
On the 30th (local time), according to the Kobeishi Letter, President Trump announced, "The United States and China have concluded a one-year agreement on the supply and trade of rare earths and major strategic minerals," and "This agreement will be renegotiated annually." He also explained that "the United States reducing tariffs on Chinese-made products by 10% was also part of the price for concluding this agreement." Meanwhile, the agreement is being interpreted as a positive signal for easing tensions between the U.S. and China and stabilizing supply chains.
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