The USA and China have restored trade truce: how the markets reacted.

The United States and China have agreed to restore the trade truce and lift restrictions on the export of rare earth metals from China. The agreement also involves easing export controls from the US. US Secretary of Commerce Howard Lutnick noted the important step taken and emphasized that this adds substance to the Geneva agreement on reducing tariff rates.

'We have reached a framework agreement, but the final decision will be made by our leaders,' Lutnick said. The final agreement is to be concluded by August 10, otherwise, tariff rates could significantly rise to 145% in the US and 125% in China. The Secretary also noted that the restrictions on rare earth metals are a key aspect of the agreement, and the US will respond if China does not restore the export of these materials.

Recently, China suspended the supply of essential minerals and metals, to which the US responded with similar measures. This decision is related to rare earth metals used in various industries.

The agreement between the US and China regarding the easing of trade restrictions is a step towards restoring mutually beneficial economic relations between the two countries. Easing export controls and positive negotiations are important steps towards constructive trade resolution and ensuring stability in global markets.