June 28, 2025

The Chinese and US economic and trade teams have recently further confirmed the details on the framework for implementing the Geneva trade talks consensus. China will review and approve compliant export applications for controlled items in accordance with the law and regulations. The US will correspondingly remove a series of restrictive measures taken against China, China's Ministry of Commerce (MOFCOM) said in a statement on Friday. 

MOFCOM's statement came in response to an inquiry about claims by some US officials and media reports that China and the US have reached a supplementary understanding on the framework for implementing the Geneva trade talks consensus and that China will accelerate its rare-earth exports approval process regarding shipments to the US, while the US will cancel relevant restrictive measures against China accordingly.

After trade talks in London from June 9 to 10, the Chinese and US teams maintained close communication, MOFCOM added.

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