US-China Talks: China to Resume Registration for US Beef Companies, Reiterates Stance on Rare Earths
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On the 20th, China's Ministry of Commerce provided an interpretation of the preliminary outcomes of US-China trade negotiations. The results include a decision to resume registration for compliant US beef companies in China. Regarding rare earths, China reiterated its stance of managing exports according to law. The talks, held in South Korea from May 12-13 as preparation for the Trump-Xi meeting, also saw both sides reach several consensuses on expanding agricultural trade and reducing non-tariff barriers.