U.S. and China reach temporary truce in rare earths trade war Beijing has lifted restrictions on rare earths and critical minerals (gallium, germanium, antimony, graphite) until November 2026, easing pressure on U.S. defense and tech industries after weeks of negotiations. The move reverses China’s December 2023 retaliatory export halts, which targeted U.S. semiconductor controls. Licensing requirements are relaxed, but broader export controls remain, reflecting a “technological cold war.” China refines over 80 percent of global rare earths (e.g., neodymium, dysprosium), vital for EVs, missiles and electronics. The suspension offers short-term relief but exposes the U.S. to long-term vulnerability. China reinstated U.S. soybean…
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