China and the United States reach new framework agreement to relax export restrictions

Sunny Worldwide LogisticsIt is a logistics company with more than 20 years of transportation experience, focusing on markets such as Europe, America, Canada, Australia, Southeast Asia, etc., and is more than the owner of the cargo owner.

According to Reuters, on June 10, London time, U.S. Commerce Secretary Howard Lutnik said that the United States and China have reached an agreement on a framework.

The framework aims to bring Sino-US trade back on track. And solve China's export restrictions on rare earth minerals and magnets.

Lutnik told reporters that the framework agreement adds "substantial" to an agreement reached in Geneva last month.

The agreement aims to reduce retaliatory tariffs that have not been imposed as China restricts exports of key minerals. He also said the agreement would also lift some recent export restrictions imposed by the United States.

The gradual easing of Sino-US trade relations has injected more possibilities into future Sino-US routes.