US reaches deal with China to speed up rare-earth shipments, White House says
by Amy Hawkins in Beijing and Dominic Rushe in New Yo from US news | The Guardian on (#6Y8WY)
China confirms details amid efforts to end trade war but reiterates it will continue to approve export permits
The US has reached an agreement with China to speed up rare-earth shipments into America, officials confirmed on Friday. The news sent US stock markets to fresh highs amid news of wider efforts to end the trade wars between the US and the world's biggest economies.
Donald Trump said on Thursday that the US had signed a deal with China the previous day, without providing additional details, and that there might be a separate deal coming up that would open up" India.
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