US Offers China Trade Truce Extension in Exchange for Rare Earth Export Delay
Treasury Secretary Scott Bessent has presented China with a potential path out of the ongoing trade standoff, offering to extend the current tariff truce in exchange for delaying implementation of rare earth export controls. The proposal comes as both nations approach a potential presidential summit later this month in South Korea.
US Proposes Trade Compromise Amid Rare Earth Tensions
Treasury Secretary Scott Bessent has adopted a dual approach in the latest China trade negotiations, according to reports from Washington, simultaneously criticizing Chinese officials while offering a potential compromise to resolve the escalating rare earth elements dispute.