MP

China announced a sweeping trade package including a commitment to purchase 200 Boeing jets (with US engine, parts, and supply guarantees), a review of rare earth export licences for civilian use, and reciprocal tariff cuts targeting at least $30 billion of goods on each side. The deal also includes restoration of US beef exporter registrations and an extension of the Kuala Lumpur trade arrangement, with formal bilateral trade and investment boards to be established. The Boeing order would rank among the largest single purchases in the planemaker's commercial history, representing a major re-entry into the Chinese market after years of exclusion.

A US official confirmed to Reuters that a rare earths deal between the US and China remains in effect. The brief report provides no additional details on the terms or scope of the agreement. This follows ongoing trade tensions between the two countries over critical mineral supply chains.