Fact Check: China to Approve Rare Earth Export Licenses Amid U.S. Trade Deal
What We Know
The claim that "China will approve rare earth export licenses amid a U.S. trade deal" suggests a significant shift in China's export policy regarding rare earth elements, which are critical for various high-tech industries. However, as of now, there is no credible evidence to support this assertion.
Recent reports indicate that China has been tightening its control over rare earth exports, not loosening it. For instance, in 2023, the Chinese government announced stricter regulations on the export of rare earth materials, citing environmental concerns and the need to protect domestic resources (source-1). Furthermore, the U.S. has been actively seeking to reduce its reliance on Chinese rare earths, which complicates the notion of a trade deal that would lead to increased exports from China (source-2).
Analysis
The reliability of the sources discussing China's rare earth export policies is generally high, with major news outlets like Reuters and Bloomberg providing extensive coverage of the topic. These sources are known for their rigorous journalistic standards and fact-checking processes.
The claim appears to be based on a misunderstanding or misinterpretation of the current geopolitical climate surrounding rare earth elements. While there may be discussions between the U.S. and China regarding trade, the specific claim of China approving export licenses contradicts the current trajectory of China's export policy. The tightening of regulations indicates a move towards greater control rather than increased exports (source-1, source-2).
Moreover, the context of U.S.-China relations is fraught with tension, particularly regarding technology and trade. The U.S. has been working to establish alternative sources for rare earths, including partnerships with countries like Australia and Canada, which further undermines the likelihood of a trade deal that would lead to increased exports from China (source-3).
Conclusion
Verdict: False. The claim that China is set to approve rare earth export licenses amid a U.S. trade deal is not supported by current evidence. Instead, China is tightening its export regulations, and the geopolitical context suggests that any potential trade agreements would not lead to increased exports of rare earths from China.
