White House Releases Details of China Trade Deal

Group 1 - The White House has released a fact sheet detailing a trade deal with China, which includes the lifting of export restrictions on rare earth minerals and the resumption of chip flows critical to the auto industry [1][2] - China will issue general licenses for the export of rare earths, gallium, germanium, antimony, and graphite, benefiting U.S. end users and their suppliers, thus ending previously imposed controls [2] - The trade deal also includes the resumption of trade from Nexperia's facilities in China, where essential chips for the auto industry are manufactured [2]