China Resumes Rare Earth Exports to Us Companies Amid Trade Tensions

China has reportedly resumed exports of rare earth elements to US companies. This move comes after China imposed export restrictions in response to US tariffs. Three Chinese companies have received export permits for rare earth products destined for the US and Europe. The permits were granted by Chinese authorities. These companies supply rare earth materials to major firms like Volkswagen and Bosch. The resumption is seen as a potential sign of easing trade tensions. China had previously restricted rare earth exports in April. This restriction was part of a countermeasure against US tariffs. The move had halted procedures, requiring government approval for exports.