#china has officially confirmed a new trade framework agreement with the U.S.: Beijing pledged to review export controls on restricted goods, while Washington will lift some restrictions.
🤔 What’s Known
⚫ Negotiations took place in London, with final terms set two days ago
⚫ China will resume exports of rare earth metals; in return, the U.S. will lift export bans on ethane, chip software, and aircraft engines
⚫ China will issue export licenses “in accordance with the law”
⚫ The U.S. will lift restrictions only after actual deliveries
📋 Context
📌 The deal formalizes agreements reached earlier in Geneva
📌 China previously tightened controls on fentanyl precursors as a goodwill gesture
📌 20% U.S. tariffs on Chinese exports, tied to the opioid crisis, remain in place
💬 “Both sides should work together to ensure stable trade relations,” — China’s Ministry of Commerce