China Lifts Export Restrictions on Rare Earth Magnets for India

China has lifted export restrictions on rare earth magnets bound for India, as a strategic move to improve relations between the two countries. This decision follows China’s diplomatic visit by Foreign Minister Wang Yi, who met with Indian counterpart Subrahmanyam Jaishankar and called for greater cooperation against ‘unilateral bullying.’ The rollback of restrictions aligns with efforts to stabilize ties amidst escalating trade pressures from U.S. President Donald Trump.