As reported by Bloomberg, China appeared to loosen its curbs last month, after an announcement on May 12 that the two countries had agreed to charge lower tariffs and negotiate other barriers to trade. The US subsequently accused Beijing of stalling on sales, although delays may have been due to long lead times in China’s permitting system.
European trade officials and carmakers have also complained about disruption to supplies from China.
On Saturday, the Chinese government said it had granted approvals for some rare earths exports, without specifying which countries or industries were covered, in a move that could help smooth Monday’s talks with the US, according to Bloomberg.
Please like and click follow for upcoming news before market react.
Thankyou.
