Fri Jun 27 14:24:05 UTC 2025: Here’s a summary of the text, followed by a rewritten version as a news article:

**Summary:**

The US and China have reached an agreement on rare earth mineral shipments to the US, a key step towards de-escalating their trade war. China will review export applications for controlled items, while the US will remove corresponding restrictions, including export curbs on materials like ethane and chip software. This agreement follows previous talks in Geneva and London. However, questions remain about the broader picture of Trump’s global trade policy. While a deal with India is anticipated, negotiations with other major trade partners (EU, Japan, Canada, etc.) are complex. Key sticking points involve automobile tariffs, asymmetrical trade deals, and the general preference of countries to minimize or extend the deadline for reciprocal tariffs set to expire in early July. Trump may extend the deadline and has the option to impose reciprocal tariffs he deems beneficial to the US if deals aren’t reached.

**News Article:**

**US and China Agree on Rare Earth Minerals in Bid to End Trade War, But Global Trade Uncertainty Remains**

**Washington D.C.** – The United States and China have confirmed a new agreement aimed at easing tensions in their ongoing trade war, with China agreeing to expedite shipments of rare earth minerals to the US. This move comes after months of negotiations and represents a significant step towards resolving the dispute that has impacted global supply chains.

The deal, finalized on Wednesday, commits China to reviewing and approving export applications for controlled items, including rare earth minerals, essential for various industries like auto manufacturing, clean energy, and defense. In return, the US will lift corresponding trade restrictions, such as export curbs on materials like ethane and chip software.

“They’re [China] going to deliver rare earths to us, and once they do that, we’ll take down our countermeasures,” US Commerce Secretary Howard Lutnick told Bloomberg TV.

While this development is a positive sign, questions remain about the broader scope of President Trump’s global trade strategy. Trump hinted at an impending trade deal with India and officials have been in discussions with countries like Vietnam, South Korea, Japan, and the EU.

However, negotiations are proving difficult with most countries hoping to minimize tariffs or extend the July deadline. Sticking points include the EU’s trade surplus with the US and the possibility of an “asymmetrical” deal favoring the US, as well as Japan’s reluctance to accept the existing 25% tariff on cars and car parts.

White House Press Secretary Karoline Leavitt stated that the July 9th deadline for reinstating tariffs on most countries is “not critical” and could be extended. She added that President Trump retains the authority to impose reciprocal tariffs if countries fail to reach agreements.

While the deal with China offers a glimmer of hope, the future of US trade relations with other major partners remains uncertain as the July deadline looms.

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