After the Chabahar exemption, India must push for a trade deal with the US

The pause of the export restrictions on rare earths and magnets will be a particular relief to many places, including the European Union and India, which had been caught in the crossfire

In a brief meeting — less than two hours in total — Presidents Donald Trump and Xi Jinping hammered out a truce in the trade tensions between the United States (US) and the People’s Republic of China. This was hardly a win for the US and for Mr Trump in particular; if anything, Mr Xi’s decision to refuse to give an inch on trade appears to have been vindicated. In return for ending its various restrictions and licensing requirements for the export of rare earths, Beijing has managed a postponement of Mr Trump’s hefty tariffs. This is not