US-China Trade Friction Over Rare Earths Threatens to Stall Busan Agreement Extension Ahead of Xi-Trump Summit
The United States and China are locked in a dispute over extending the 2025 Busan trade agreement, with US Trade Representative Jamieson Greer accusing Beijing of withholding strategic mineral exports. The disagreement occurs just hours before Chinese President Xi Jinping's state visit to Washington. The potential failure to extend the agreement could disrupt ongoing trade negotiations and strain bilateral relations.
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Rare earths friction threatens to stall trade truce extension ahead of Xi-Trump summit The Star
The US and China continue to wrangle over extending the 2025 Busan trade agreement just hours before Chinese President Xi Jinping arrives in Washington for a state visit, even as they report progress on implementing a narrow tariff-reduced trade mechanism. US Trade Representative Jamieson Greer on Monday blamed China for creating “uncertainty” over the pact’s extension, saying Beijing was still holding out on supplying enough strategic mineral exports to the United States. “They have limited...