Beijing Puts Six-Month Limit on Its Ease of Rare-Earth Export Licenses
China is putting a six-month limit on rare-earth export licenses for U.S. automakers and manufacturers, according to people familiar with the matter, giving Beijing leverage if trade tensions flare up again while adding to uncertainty for American industry.
Chinese negotiators agreed to the temporary restorations of the licenses after the latest round of talks with their American counterparts in London after two days of intense talks, aimed at upholding an interim agreement forged in Geneva last month.
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