China Is Exporting 20% Fewer Magnets to US Despite Trade Truce
Bloomberg 2026-07-20 06:02:24
Context: China's exports of rare-earth magnets to the United States have not recovered to pre-trade war levels, despite a truce agreed upon last year. The ongoing decline in exports has raised concerns within the Trump administration regarding China's commitment to the trade agreement.
Key Facts
- China's shipments of rare-earth magnets to the US are currently 20% lower than they were before the trade war, indicating a persistent gap in export levels.
- The decline in exports persists despite a trade truce agreed upon last year, suggesting that China's adherence to the agreement may be limited.
- The Trump administration has expressed concerns about Beijing's commitment to the trade agreement, implying potential implications for US-China trade relations.