Rare-earth exports at center of U.S.-China trade truce risk, WSJ reports
A trade truce between the U.S. and China is at risk of falling apart as China's slow-walking on rare-earth exports fuels U.S. recriminations that China is reneging on the deal, according to The Wall Street Journal's Lingling Wei, Gavin Bade and Brian Schwartz. Chinese Vice Premier He Lifeng agreed to the demand U.S. demand that Beijing resume rare-earth exports in return for the U.S. agreeing to a 90-day tariff truce during talks in Geneva earlier this month, but since then Beijing has continued to slow-walk approvals for export licenses for rare earths and other elements needed to make cars, chips and other products, people familiar with the matter told The Journal.
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