⭕ Despite the recent agreement reached by the United States and China in London to ease trade tensions, informed sources told Reuters that the new understanding ignored one of the most prominent contentious issues, which is the export of rare earth metals with military applications.
⬅️ This threatens the chances of reaching a comprehensive trade agreement between the world's two largest economies in the coming months.
📌 The sources mentioned that China has not shown any commitment to granting export licenses for certain types of rare earth magnets that American defense companies rely on for manufacturing their fighter jets and missile systems.
⬅️ In contrast, the United States continues to impose restrictions on the export of advanced artificial intelligence chips to Beijing, due to their potential military applications.
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