USA and China exchange rare land for the end of restrictions on tariffs

United States and China have formalized a commercial understanding, which includes Beijing’s commitment to resume exports of rare land minerals. Sending rare land provides for the end of tariff restrictions.

USA and China this Thursday, a tariff agreement that provides sending rare land and end of restrictions.

According to the US Secretary of Commerce, Howard Lutnickthe agreement was signed two days ago and consecrates the terms negotiated between Washington and Beijing this year after successive mutual accusations of violation of previous agreements.

“Will give us rare land“He said about China” and when they do, we will raise our contracted, “he said in an interview with Bloomberg.

A Siemens AGone of the world’s main suppliers of software Semiconductor design was released by the US Department of Commerce from the need to request licenses to operate in the Chinese market, according to the German company in a statement.

As export restrictions had been imposed in Mayas part of a package of measures adopted by the United States in response to Chinese limitations to the export of rare land minerals.

Now this is over. Siemens confirmed that it has restored full access to its software and technology for Chinese customers.

The other two main world companies in the sector of the software of electronic design automation (EDA, acronym in English) – Cadence Design Systems Inc. e Synopsys Inc. – They have not yet responded to requests for commentary on whether they received similar communications, according to Bloomberg.

The United States Department of Trade has not commented either, the news agency added.

The importance of rare land

As They are crucial materials Used in the production of wind turbines, aircraft, semiconductors and advanced technology.

Under the trade agreement reached last week, Washington pledged to authorize the shipping to China of software of design of chips, ethane and jet engines, provided that Beijing meets the promise of accelerating the approval of exports of these Critical Minerals.

An White House official confirmed that the two countries agreed with the terms necessary to apply the Geneva Agreement.

However, the China Embassy in Washington refused to comment, while the Chinese Foreign Ministry did not respond immediately.

However, the agreement now reached does not address more sensitive themeslike the Fentanyl trafficking or full access to companies Americans to the Chinese market.

The first round of negotiations in Geneva resulted in a reduction in tariffs by both parties, but was quickly followed by mutual accusations of non -compliance.

After new talks in London this month, negotiators announced an understanding, subject to the approval of the presidents Donald Trump e Xi Jinping.

According to Lutnick, the survey of US counterfeit depends on the effective arrival of the rare lands.

Mineral Agreement animates markets

A signing of rare land agreement generated optimism in markets: Asian shareholder indices and European futures have advanced, and a global stock index has reached a new historical maximum.

Lutnick indicated that the US President intends to complete, until July 9, a Series of ten trade agreements with the main US partners. “We will close the ten main agreements, organize them by categories, and the other countries will align after that,” he explained.

Although it did not specify which countries involved, Trump suggested on Wednesday that the US is close to a Understanding with India.

O Main Japanese negotiator, Ryosi Akazawathere are also scheduled meetings in the US capital, and reiterated that Japan “cannot accept” 25% tariffs on cars.

Trump has already stated that in the absence of agreements until July 9, he will send “letters” to each country with the proposed terms, applying unilateral tariffs – the so -called “reciprocal tariffs”, which may reach up to 50%. Most of these measures were announced on April 2, but suspended for 90 days to allow negotiations.