měi guó美国hé和zhōng guó中国jiù就xī tǔ稀土chū kǒu出口dá chéng xié yì达成协议
The President of the United States said that the U.S. and China recently reached a new trade agreement.
According to this agreement, China will speed up the export of rare earths to the United States.
Rare earths are very important materials that can be used to make cars, mobile phones, and computers.
Officials from the U.S. and China met in London to discuss the details of this agreement.
The U.S. Treasury Secretary said that the agreement also includes lowering tariffs to allow rare earth magnets to enter the U.S. more quickly.
China's Ministry of Commerce also stated that China and the U.S. will continue to cooperate to facilitate rare earth exports.
Previously, the U.S. and China imposed tariffs on each other due to trade issues, which affected trade between the two countries.
Now, through negotiations, the two countries have decided to suspend some tariffs and make rare earth exports easier.
The U.S. values rare earths highly because they are important to many industries.
China is the world's largest exporter of rare earths, so the U.S. hopes to maintain a good cooperative relationship with China.