President Donald Trump has confirmed a new trade deal with China focused on expediting rare earth shipments to the U.S. After secretive negotiations in London, Beijing has agreed to ease export controls while Washington lifts several restrictive measures. This breakthrough follows accusations of non-compliance after the Geneva pact in May. The fragile agreement signals a major de-escalation in the US-China trade standoff and could reshape the global tech and defense supply chain. Trump teased the deal during a high-profile event, declaring it a "big win" for American industry.