TAMPA - The U.S. and China reached a preliminary agreement that would prevent a new round of steep tariffs and keep critical rare earth mineral supplies flowing to the U.S. from China.

What we know:

The preliminary trade agreement aims to prevent a striking escalation in the trade war between the two countries.

Under the framework, the U.S. would not impose previously threatened 100% tariffs on Chinese products, while China would continue to supply rare earth minerals to the United States for at least a year.

Rare earth minerals are crucial components for a wide range of technologies, from smartphones and computers to wind turbines, electric vehicles, MRI machines, medical devices, and missile systems.

Florida News: Grady Judd: Suspect in stolen vehicle with meth pipe floors tr

See Full Page