US government confirms rare earths deal with China remains in effect
Crypto Briefing
The US has confirmed that its rare earths trade agreement with China remains active, temporarily easing tensions over critical mineral supply chains.Summary
A US official has verified that the rare earths trade deal with China is still in effect, providing temporary relief after months of economic tension. The agreement, finalized in June 2025, includes China lifting export restrictions on rare earths and the US increasing soybean purchases while lowering specific tariffs. Despite this development, China continues to control approximately 70% of global processing capacity for these critical elements. Analysts note that while the deal reduces immediate market anxiety, it is a transactional arrangement that does not alter long-term supply chain vulnerabilities, as the export restrictions are only lifted for a one-year period.
(Source：Crypto Briefing)