China, White House and trade agreement
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Yahoo Finance is chronicling the latest news and updates on President Trump's plans to impose tariffs on goods from other countries.
The White House released more details Saturday about a trade deal reached between U.S. President Donald Trump and Chinese President Xi Jinping.
China will account for nearly 60% of global renewables growth in the next five years, according to the International Energy Agency.
The US statement also effectively confirms that China’s export controls on rare earths remain in place. Read more at straitstimes.com. Read more at straitstimes.com.
China will effectively suspend implementation of additional export controls on rare earth metals and terminate investigations targeting US companies in the semiconductor supply chain, the White House announced.
As part of a trade deal between Donald Trump and Xi Jinping, China will ’effectively eliminate’ all curbs on rare earths’ exports, remove tariffs on US agricultural products, and resume export of chips critical to automobile industry,
Visitors, who ordinarily would have entered through the East Wing, will be using an “updated route,” the White House said.
Beijing and Washington may be set to revive dormant military communication channels, but it is just a first step and the two sides are still some way from genuine trust, an observer has cautioned. The assessment followed US Defence Secretary Pete Hegseth's announcement on social media on Sunday that the two countries had "agreed that we should set up military-to-military channels to deconflict and de-escalate any problems that arise".