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US–China Trade Truce Temporarily Pauses Tariffs on Critical Minerals
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Washington and Beijing suspended tariffs on key minerals, easing supply-chain stress and fueling optimism ahead of broader trade-framework talks.
A limited accord between Washington and Beijing eased trade tensions after both sides agreed to suspend fresh tariffs on lithium, nickel, and rare-earth exports. The truce, reached ahead of the Seoul summit, lifted Asian equities and lowered base-metal futures by 2–3 percent. US negotiators said the move opens a 90-day window to draft a framework for fair-market access and technology safeguards. Analysts believe the breakthrough could stabilize global supply chains and signal cautious cooperation despite persistent strategic rivalry between the two economies.