China to Suspend Some Rare Earth Curbs, Probes on US Chip Firms

**Summary:**The White House announced a significant shift in U.S.-China trade relations, with China agreeing to halt extra export controls on rare earth metals and stop investigations into American semiconductor companies. This comes after a summit between President Trump and Chinese leader Xi Jinping, resulting in a trade deal that eases restrictions on rare earth minerals and key materials, benefits U.S. farmers, and rolls back certain U.S. tariffs on Chinese goods. While the agreement offers a temporary reprieve, experts question its long-term impact, as many measures only last for a year. Both sides remain committed to ongoing talks and addressing complex issues step by step.

The Daily News Now! — Every city. Every story. AI-powered.

Hosted on Acast. See acast.com/privacy for more information.