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The deal's temporary nature underscores ongoing geopolitical tensions, highlighting the fragility of global supply chains and economic dependencies. The post US government confirms rare earths deal with China remains in effect appeared first on Crypto Briefing.
The post US government confirms rare earths deal with China remains in effect appeared on BitcoinEthereumNews.com. A US official has confirmed that the rare earths trade agreement struck with China earlier this year is still in effect. The confirmation comes amid persistent market anxiety over whether the deal, which took months of brinkmanship to negotiate, would actually hold. How we got here China dominates global rare earth production and processing, controlling approximately 70% of global processing capacity. These 17 metallic elements are essential for manufacturing semiconductors, electric vehicle motors, wind turbines, and advanced military systems. China’s Announcement No. 61 of 2025 imposed what amounted to the strictest export controls on rare earths to date, with provisions set to take effect on December 1, 2025. The move was widely interpreted as a direct response to escalating US tariffs and represented a significant ratcheting up of economic pressure. A 90-day tariff tru
