The US is looking for a London deal on China’s rare earth flow, Hassett says
US negotiators are aiming to restore critical mineral flows when they meet Chinese counterparts for Monday’s new round of trade negotiations in London.
“The exports of these important minerals are being released at a rate that is not as high as they are likely agreed to in Geneva,” Kevin Hassett, director of the National Economic Council, said Sunday in an interview with CBS News.Face the countryWith Margaret Brennan.
The rare earth flow has become a new flashpoint for spiritual bilateral relations in recent weeks. Top US officials, including trade representative Jamieson Greer, accused Beijing of not complying with elements of a trade agreement intermediated in Geneva last month, choking and suffocating the critical minerals needed for cutting-edge electronics.
Friday’s TrumpExplained the discussion with China“It’s been a lot more progress,” he said, saying Xi Jinping has agreed to speed up the shipping of important rare earth minerals. China said on SaturdayApprovedSome applications for rare earth exports, but did not elaborate on product applications or destinations.
“It’s very pleasant to see this deal close down,” Hassett told CBS.
“We want the rare earths and magnets that are important to us, just like before the beginning of April,” he said. “The technical details don’t want it to slow down.”
This story was originally introduced Fortune.com