The United States will press its allies to move faster in reducing reliance on China for rare earths and other critical minerals. Treasury Secretary Scott Bessent will lead talks with senior finance officials this week, a U.S. official said. The meeting begins with a dinner on Sunday and continues on Monday. It will include ministers …
The United States and China have struck a fragile truce in their long-running trade war, with President Donald Trump announcing tariff reductions in exchange for renewed Chinese cooperation on fentanyl control, agricultural trade, and rare earths supply. Speaking to reporters after face-to-face talks with President Xi Jinping in Busan, South Korea, Trump hailed the meeting …
China’s exports of rare earth magnets fell 6.1% in September, sparking renewed concerns that Beijing may again use its dominance in critical minerals as leverage in trade talks with the United States. Customs data showed shipments dropped to 5,774 tonnes from 6,146 tonnes in August, ending three consecutive months of growth and coming just before …
China on Thursday accused the United States of stirring unnecessary alarm over its rare earth export controls. The country also rejected Treasury Secretary Scott Bessent’s critical remarks about top Chinese trade negotiator Li Chenggang. The official People’s Daily released a seven-point rebuttal, defending Beijing’s measures. U.S. officials had suggested that removing the controls could prevent …
