Director of the White House Economic Council: The US government is considering lifting some export controls in exchange for further relaxation of rare earth export controls by China

Golden Finance reported that on the morning before the first meeting of the China US Economic and Trade Consultation Mechanism, CNBC conducted an interview with White House Economic Council Director Hassett. He revealed for the first time that the US government is considering lifting some export controls in exchange for further relaxation of rare earth export controls by China. Hassett stated that this round of talks will not be very long, but it will be a big, strong handshake; If China allows large-scale exports of rare earths, "any export controls from the US will be relaxed immediately", and then both sides will continue to deal with some "small matters".