‘Now there is no question ..’: Donald Trump says that Xi Jinping of China has agreed to flow rare earth minerals for us; Signs of stress

Are America and China finally moving towards some trade agreement? According to US President Donald Trump on Friday, Chinese President Xi Jinping has agreed to allow export of rare earth minerals and magnets to the United States. This decision may potentially reduce stress between two largest global economies.When a reporter was questioned on the Air Force one about Xi’s agreement, Trump confirmed: “Yes, he did it.”

According to a report by Reuters, this development follows a rare telephone conversation between Trump and Xi last day, which addressed the ongoing business disagreement about the topic. Trump indicated that the discussion reached “a very positive conclusion” and said that “now there should be no question respecting the complexity of rare earth products.”According to two sources with the knowledge of the status quoted in the report, China has issued temporary export permits to rare-Earth suppliers serving the three largest American automobile manufacturers, indicating improvement in relations.Also read Donald Trump vs Alone Musk: Which is more to lose – US President or the world’s richest man? The bets are high for both!Senior officials of both nations have been scheduled to meet in London on Monday for additional discussions.Trump on Friday informed reporters about significant progress in a conversation with China.After discussion in Geneva, Switzerland on 12 May, the two countries agreed to the 90-day suspension of their mutual high-per cent tariffs, which was implemented by Trump. The declaration positively affected the financial markets, which was concerned about the trade interruptions.However, China’s April suspension of exports to essential minerals and magnets affect global supply chains, affecting automakers, semiconductor producers and defense contractors.Trump accused Chinese violations of the Geneva Agreement and implemented restrictions on chip-design software and other Chinese-bound exports. Beijing dismissed these allegations and warned of anti -retaliation.Also read ‘Make your best offer …’: Donald Trump administration pushed countries to finalize the business deals as the tariff deadline.China maintains strategic control over rare Earth and critical minerals, potentially affects Trump’s position as domestic economic performance may decline if manufacturers lack access to these mineral-dependent components.Trump’s irregular policy decisions on international trade since the return of its White House in January has created uncertainty among global leaders and professional communities. Their patterns of announcing strict trade penalty against various countries, after the sudden withdrawal of these dangers, both have left both international counterparts and corporate officials, which is about the actual stance of the administration.