US and China Formalize Trade Deal Amid Rare Earth Export Breakthrough
In a significant development in international trade, the United States and China have confirmed a trade agreement that promises to expedite the export of rare earth minerals from China to the US. Treasury Secretary highlighted that this deal will enhance the mineral supply chain between the two nations. Both countries have agreed on a framework to lift export controls and ease previous tensions, signaling a potential thaw in their trade relations. President Trump has announced that the deal has been signed, adding that discussions for additional agreements are underway, including a promising trade deal with India. This trade truce has positively impacted the financial markets, resulting in a rally in shares as investors respond to renewed hopes for a stable trading environment.
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