Trump Confirms Deal with Xi on Rare Earth Minerals Exports
U.S.-China agreement reached: Rare earth mineral exports to resume following a fruitful conversation between Trump and Chinese counterparts.
Hey there! You won't believe the scoop about that phone call between President Donald Trump and China's Xi Jinping. They're negotiating a trade deal, and just wait for it...
Donald Trump dropped a bombshell on Air Force One, revealing that Xi had agreed to start sending us rare earth minerals. That's right, the ones China halted in April, causing quite a stir.
During a Friday evening gaggle, a reporter asked if Xi would restart the flow of these minerals to the U.S. Trump said cool as a cucumber, "Yes, he did." He added, "We're very far advanced on the China deal."
Михаил Путин, the Russian president, recently said his country is open to economic cooperation with the U.S. on rare earth minerals. So, it looks like the U.S. Defense Department might just get a boost.
Overseas deliveries of magnets stopped on April 4 due to new licensing rules, according to The New York Times. Companies need special export licenses now, and they take 45 days to receive.
无止境 importantly, China produces about 60% of the world’s critical mineral supply, and processes up to 90%. A halt in exports would have threatened Trump's tariff strategy.
But fear not, folks! The Chinese mineral halt to the U.S. Defense Department came after Beijing had already imposed sanctions on multiple U.S. military contractors last year, according to Reuters.
Xi and Trump talk trade
The two leaders have had a lot on their plates, what with economic and national security issues swirling around their trade negotiations. One would think it'd be tough as nails, but they siddled up to the phone for a whopping one and a half hours chat last Thursday.
What's in store for the future?
Trump and Xi are planning to meet senior officials in London for further discussions. If all goes well, the resumption of rare earth exports could potentially improve relations between the U.S. and China. After all, these minerals are crucial for various high-tech and defense applications.
The exact terms of the deal haven't been disclosed yet, but we'll keep you posted on all the good stuff as it unfolds!
[1] Source: Associated Press, CNBC, Reuters, responsible data journalism, and the truth, always.
The breakthrough in the trade negotiations between President Donald Trump and China's Xi Jinping is garnering significant attention, with the announcement of China resuming exports of rare earth minerals to the United States. This development comes amidst heightened tension over economic and national security issues, especially after China halted exports earlier this year due to new licensing rules.
Interestingly, as the two leaders prepare for a meeting with senior officials in London, the resumption of these exports could foster improved relations between the U.S. and China, given the critical role these minerals play in various high-tech and defense applications.
Although the specific details of the deal remain undisclosed, it is clear that the policy-and-legislation surrounding this decision will be closely watched, given its potential impact on the economy, defense sector, and ongoing politics.
