Article from CNBC today,
China keeps hold on rare earth metals after lifting some U.S. export curbsPublished Thu, May 15 2025 12:01 PM EDT
Updated 6 Hours Ago
Eunice YoonErin Doherty
@erinpdoherty
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Export restrictions for 28 American companies on dual-use items are on hold for 90 days, according to China's Commerce Ministry.
China also paused non-tariff measures on 17 U.S. entities on the unreliable entity list.
Export curbs on seven key rare earth elements were not lifted.
U.S. Secretary of the Treasury Scott Bessent shakes hands with Chinese Vice Premier He Lifeng during the bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 11, 2025.
U.S. Secretary of the Treasury Scott Bessent shakes hands with Chinese Vice Premier He Lifeng during the bilateral meeting between the U.S. and China, in Geneva, Switzerland, on May 11, 2025.
Keystone/eda/martial Trezzini | Via Reuters
China has temporarily paused export restrictions targeting 28 American companies on the heels of the trade truce Beijing reached with the Trump administration over the weekend in Switzerland.
But China is continuing to block exports from that country of seven rare earth metals to the United States, whose defense, energy and automotive industries rely on those metals.
(20min delay)