US trade pact gives China future leverage despite deal on rare earths export

US trade pact gives China future leverage despite deal on rare earths export

The US and China have reached a trade pact easing rare earth export curbs, but the deal gives China the power to tighten controls later, keeping future leverage in its hands.

US President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. File Photo/Reuters