US-China trade agreement signed, 10 deals imminent, says Commerce Secretary Lutnick China added rare earths to its controlled export list as part of its retaliation against US tariffs.

The US and China have finalized a trade truce reached last month, with Beijing agreeing to supply rare earths in exchange for the lifting of US countermeasures.

Despite a challenging start to the negotiations, with attendees bickering over the Bonn agenda, countries did strike an agreement to increase the UN climate body’s budget for the next two years by 10% ...