Tim Cook and Donald Trump at a meeting in the White House in 2018
There is still little details, and there is no confirmation of whether all such rare mineral exports will resume. The news erupted when Trump did not accidentally mention: “We signed yesterday with China,” and later officials said that the deal was concluded at the beginning of the week.
What is said repeatedly is that in exchange for minerals of the US Rare Earth, the United States will weaken its restrictions on Chinese technologies. It is believed that this means that the United States drop or reduce export restrictions on materials such as ethane that are used in the production of processors.
“The administration and China agreed to an additional understanding for the framework for the implementation of the Geneva Agreement,” the White House official said. The official also said that this understanding “about how we can implement the expedition of the supply of rare earth signs in the United States.”
Of course, there is no information about when supplies can be resumed, but US Minister Howard Lutnik implies that the United States will wait until China takes the first step.
“They are going to deliver rare earth lands to us,” said Lutnik, and then “we will take our countermeasures.”
Trump also said that a separate transaction may occur, which will soon “open” India.
Lounick also said that in the next two weeks a series of key trading transactions will be completed. He said that this is in order to meet with the deadline of Trump on July 9 to restore the higher tariffs that he stopped in April.
“We are going to conclude the first transactions, place them in the desired category, and then these other countries will pose,” said Lutnik.
“Those who have transactions have transactions, and everyone who is negotiating with us will receive an answer from us, and then they will go to this package,” he continued. “If people want to return and negotiate further, they have the right, but this tariff rate will be established, and we will leave”
Lounick did not name any of the declined ten transactions and did not confirm that India was one of them.
What will happen the next time
, while any transaction between the United States and China should be preferable for the variable exposure to “reproductive” tariffs, which will still be much determined if they will significantly determine if they are significant.
However, the stop of China of rare earth minerals was not only for importing such materials into the continental part of the United States. If this were so, then the main impact on Apple would have turned out to be, as influenced the TSMC operation in Arizona.
What China did, however, was required that all buyers were approved in accordance with the new licensing rules. It is not known whether this also influenced TSMC in Taiwan, but, according to the law firm Taylor Wessing, this had an unexpected impact around the world.
Plus on June 11, 2025 on social networks, Trump said that the upcoming deal with China would see the United States, “a total of 55% of tariffs.” As always, tariffs are paid by companies importing goods, never providing the country, as Trump usually claims.
, therefore, if the final transaction includes this declared tariff, Apple and all American companies that import from China will encounter higher costs than before. Before the “mutual” announcement of Trump in April, which had nothing to do with the tariffs used by other countries, American companies paid about 15% in tariffs, and Apple paid much less.
Apple has already announced that it plans to spend $ 900 million on tariffs in the June quarter. In addition, this made many expensive changes in their global distribution lines in order to soften as many tariff exposure as possible, but it remains that higher costs will certainly be transferred to consumers.
Follow Appleinsider in Google News
