China Eases Rare Earth Magnet Blockade, USTR Greer Says

U.S. Trade Representative Greer said China has agreed to resume shipments of rare earth magnets, calling the move the most significant concession secured during two days of trade talks that ended in Stockholm on Tuesday. Greer, who has repeatedly criticized Beijing’s previous restrictions, told reporters the United States "doesn’t ever want to talk about magnets again" and will "make sure magnets are flowing." He added that negotiators also examined ways to prevent China from diverting the components through third countries. Separate discussions with Swedish officials covered market access for autos and stainless-steel products, Greer said, adding that further talks can proceed once magnet supplies stabilize.