US-China trade boost: US hopes to finalise China rare earths deal by Thanksgiving; Beijing to suspend export curbs

The US aims to finalize a rare earths deal with China by Thanksgiving, suspending Beijing’s export restrictions on critical minerals. This tentative agreement, following the Trump-Xi meeting, also involves the US rolling back some tariffs and China resuming significant soybean purchases. Washington is confident in Beijing’s commitment but holds leverage if assurances are broken.