New Delhi, June 12 -- After two days of hectic talks in London between trade representatives of the US and China, another trade truce has been declared struck, with the two countries agreeing to fully implement the last one forged in Geneva. Under it, they had agreed to a suspension of new tariffs.

Also Read: China risks overplaying its hand by curbing rare earth exports

The US had apparently expected Beijing to ease its export curbs on rare earth minerals, a severe shortage of which has lately sent key industries-from defence to electronics and electric vehicles (EVs)-into a tizzy across the world. Instead of ending export barriers, Beijing may have taken its part of the bargain to mean faster shipment clearances.

Also Read: Barry Eic...