China Suspends Rare Earth Export Ban for 28 US Companies After Trade Talks

China has agreed to temporarily suspend export restrictions on rare earth elements to the United States, marking a significant easing of trade tensions following recent negotiations between the two countries. This 90-day suspension lifts curbs imposed in April on 28 U.S. companies, allowing them to seek export licenses for rare earth metals critical to defense, energy, and automotive industries. The move aligns with a broader trade détente, including tariff reductions and the removal of bans on trade and investment against several U.S. firms. China maintains strict control over rare earth production and exports, viewing these elements as strategic leverage in trade negotiations. Despite these easing measures, some tariffs and controls remain in place, reflecting ongoing complexities in the U.S.-China trade relationship. The suspension is seen as a positive first step toward reducing the prolonged trade conflict's impact on global economic stability.