China limits rare-earth exports to U.S. firms for six months, easing but not ending trade tensions.

China has placed a six-month limit on rare-earth export licenses to U.S. firms, following trade talks in London. This move offers temporary relief but keeps the door open for further escalation in the U.S.-China trade war. In response, the U.S. agreed to ease restrictions on exports like jet engines and components. Both sides will review the agreements, which aim to stabilize the volatile trade relations between the two nations.