After the interviews of London, the US president announces the resumption of rare earth exports to America and the readmission of Chinese students in American colleges.
“Our agreement with China is concluded». This is announced by the same American president Donald Trumpwhich in a post published on his Truth platform clarified: “With the final authorization by me and the Chinese president XI, the magnets and the rare earths will be provided in advance by China”.
The Tycoon refers to the narrow set by Beijing on exports relating to the rare lands and permanent magnets necessary for the American industries of the Tech sector and the automotive sector. The narrow had arrived after the Geneva talks, held between 11 and 12 May.
Despite the positive outcome of the meeting, in fact, which had led to a strong cut of the mutual duties imposed following the “commercial war” of April, the United States and China had complained about some violations. Beijing had reintroduced the export limitations of rare and magnetswhile the United States had imposed new elapsed restrictions of advanced software for the design of semiconductors, as well as limitations on aeronautical components and restrictions on visas for Chinese students.
After the positive outcome Of the talks held on Monday and Tuesday in London, Trump has now announced that while Beijing will resume the shipments of rare magnets and lands, of which it has an almost-monopolythe USA «they will provide China what is agreed, including the acceptance of Chinese students who use our colleges and universities».
The president therefore pointed out that in terms of commercial rates “We receive a 55%rate, China of 10%Finally, Trump stressed that the relationships between Washington and Beijing are “excellent”. A few minutes later, Trump added by social media: «President Xi and I will work closely to open China to American trade. It would be a great advantage for both countries! ».
Trump’s message came shortly before the publication of May data relating to inflation in the United States, which recorded a growth of +0.1% on a monthly basis ( +2.4% on an annual basis), under the expectations of the markets, which had predicted a +0.2%. The index corenet of energy and food, it also recorded an increase of 0.1% (2.8% on an annual basis). In other words, despite the duties, American inflation has not grown in a dizzying way.
