rare earth materials
US Threatens New Tariffs if China Resumes Rare Earth Export Restrictions: Treasury Secretary Warns
Nov 03, 2025 02:36 am CST
The US Treasury Secretary Scott Bessent has warned that the Trump administration is prepared to reimpose tariffs if China blocks rare earth exports again, despite Beijing's recent one-year suspension of restrictions. Following talks between Trump and Xi in South Korea, Washington agreed to reduce tariffs by 10%, while China promised to address fentanyl trafficking into the US. Bessent emphasized the need to reduce dependency on China's rare earth processing monopoly.
US-China Reach Historic One-Year Rare Earths Agreement as Trump-Xi Summit Exceeds Expectations
Oct 30, 2025 01:34 pm CST
US President Donald Trump and Chinese President Xi Jinping have reached a significant one-year agreement on rare earth materials during their first face-to-face meeting in six years. Trump rated the diplomatic encounter as exceptionally positive, scoring it "12 on a scale of 10," while also announcing a reduction in fentanyl-related tariffs to 10 percent. The agreement addresses a strategic sector dominated by China that is crucial for defense, automotive, and electronics manufacturing, potentially averting another cycle of trade conflicts between the world's largest economies.
Trump-Xi Summit: Key Issues from Rare Earth Materials to TikTok in High-Stakes Diplomatic Meeting
Oct 29, 2025 08:14 pm CST
President Trump and President Xi Jinping will meet for the first time since 2019 to address critical issues including rare earth export controls, tariffs, agricultural trade, the Ukraine conflict, Taiwan tensions, semiconductor access, and TikTok's ownership. This high-stakes diplomatic summit comes amid escalating trade disputes between the world's two largest economies as they compete for global influence.