China Concedes in Trump-Xi Deal: Rare Earth Controls and Semiconductor Probes Suspended

In a surprising move of compliance following the recent high-profile pact between US President Donald Trump and China’s Xi Jinping, China has agreed to halt new export control measures on critical rare earth metals and abandon investigations targeting American companies in the semiconductor supply chain. The unanticipated agreement, disclosed by the White House, signifies a significant shift in China’s trade strategies, which have been marred by escalating tensions with the US. Donald Trump, full of optimism, expressed satisfaction with the negotiations in a social media update, envisioning a future of “everlasting peace and success” for both nations. This pivotal deal…