Breaking: China and U.S. to Hold Trade Talks in Sweden Next Monday and Tuesday; Market Regulation Administration Announces Suspension of Monopoly Investigation Into DuPont

According to reports, the talks may discuss extending the trade deadline expiring on August 12, as well as China’s purchase of oil from Russia and Iran.

August 12 is the deadline for the 90-day truce agreement between China and the United States. On May 12, both parties announced a suspension of additional tariffs, and this truce agreement will expire on August 12.

Previously, Bessent had stated that the originally scheduled China-U.S. tariff truce deadline on August 12 next month is "flexible," and market participants need not worry about the deadline, as the current negotiations between China and the U.S. are "going well."

In addition, on July 22, according to a post on the "City Speaks" WeChat public account,The State Administration for Market Regulation has suspended the antitrust investigation procedures against DuPont China Holding Co., Ltd.

After the news came out, DuPont's stock price surged over 2% pre-market.

In early April this year, shortly after U.S. President Trump announced tariffs on Chinese goods, Chinese regulatory authorities announced measures against...DuPont China Group Co., Ltd. is under investigation.Afterwards, DuPont's stock price once plummeted significantly.

Nowadays, with the easing of relations between China and the United States, good news has arrived in multiple fields.

According to Global Times, China's exports of rare earth magnets to the United States surged in June to more than seven times the amount in May. This marks a strong recovery in the supply of critical minerals needed for electric vehicles and wind turbines after a trade agreement was reached between China and the US.

According to data released by the General Administration of Customs of China on July 20, as the world's largest producer of rare earth magnets, China's exports of rare earth magnets to the United States surged to 353 tons in June, an increase of 660% compared to May.

Overall, China exported 3,188 tons of rare earth magnets globally in June, an increase of 157.5% compared to 1,238 tons in May, but still a decline of 38.1% compared to the same period in 2024.

Analysts pointed out that with more exporters obtaining licenses in June, the export volume of rare earth magnets is expected to rebound further in July.

Rare earth magnet supply volumeAccounting for more than 90% of the global total, in early April, China decided to add several rare earth products to its export control list in response to U.S. tariff measures.