Posted By Global Banking and Finance Review
Posted on June 11, 2025
BERLIN (Reuters) -Germany welcomes a China-U.S. agreement on easing rare-earth export restrictions and hopes negotiations between the United States and the European Union could be solved in a similar way, Chancellor Friedrich Merz said on Wednesday.
"I expressly welcome it. This is not at the expense of Europe; rather, it is another conflict that has been resolved," Merz said at a joint news conference with Danish Prime Minister Mette Frederiksen in Berlin.
U.S. and Chinese officials said they had agreed on a framework to put their trade truce back on track and remove China's export restrictions on rare earths, while offering little sign of a durable resolution to longstanding trade differences.
(Reporting by Riham Alkousaa and Andreas Rinke; Editing by Sharon Singleton)