Simple Smart Seminar
  • Stock
  • Investing
  • Politics
  • Tech News
  • Editor’s Pick
Politics

Trump announces China will restart rare earth mineral shipments to US after productive call

by June 7, 2025
June 7, 2025 0 comment

NEWYou can now listen to Fox News articles!

President Donald Trump told reporters on Air Force One Friday that Chinese President Xi Jinping had agreed to start sending rare earth minerals to the U.S. after halting the shipments in April.

Trump held a gaggle on the presidential jet Friday evening, and one reporter asked him just before landing if Xi had agreed to restart the flow of rare earth minerals and magnets to the U.S.

‘Yes, he did,’ Trump replied. ‘We’re very far advanced on the China deal.’

The news comes about a month and a half after China effectively halted exports of seven precious minerals, vital for assembling cars, robotics and defense systems, to the U.S. in a direct strike on America’s manufacturing and defense supply chain.

Overseas deliveries of magnets stopped April 4, when new licensing rules took effect, according to The New York Times. Companies are only allowed to export rare earth materials if they obtain special export licenses, which take 45 days to receive.

The halt also threatened to undercut Trump’s tariff strategy because China produces about 60% of the world’s critical mineral supply and processes even more, up to 90%.

China’s mineral halt to the U.S. Defense Department came after Beijing had already imposed sanctions on multiple U.S. military contractors late last year, according to Reuters. Chinese entities were prohibited from engaging or cooperating with them in response to an arms sale to Taiwan, the outlet reported.

Trump and Xi had a lengthy call Thursday amid economic and national security friction regarding trade between the U.S. and China.

‘I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal,’ Trump said Thursday in a Truth Social post. ‘The call lasted approximately one and a half hours and resulted in a very positive conclusion for both Countries.’

Trump said the conversation focused mostly on trade.

The call came nearly a week after Trump condemned China for violating an initial trade agreement that the U.S. and China hashed out in May and a day after Trump said Xi was ‘extremely hard to make a deal with’ in a Truth Social post. 

Fox News’ Diana Stancy, Bonny Chu, Danielle Wallace, Morgan Phillips and Reuters contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail
previous post
TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs
next post
FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would

You may also like

Democratic lawmaker ‘no longer on speaking terms’ with...

July 30, 2025

SCOTUS to discuss Ghislaine Maxwell’s case privately in...

July 30, 2025

Top GOP senator demands probe into whether Jack...

July 30, 2025

Trump admin sanctions Brazilian judge overseeing Bolsonaro coup-plot...

July 30, 2025

Trump says his Aug 1 tariff deadline ‘will...

July 30, 2025

Who is Steve Ricchetti, the longtime Biden confidante...

July 30, 2025

Grassley rebukes Trump’s pressure to ‘have the courage’...

July 30, 2025

Agent’s alleged attempt to smuggle wife on Trump’s...

July 30, 2025

Schumer says century-old law forces Trump DOJ, FBI...

July 30, 2025

Biden ‘Politburo’ member Steve Ricchetti appears before House...

July 30, 2025

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Chart Mania – 23 ATR Move in QQQ – Metals Lead 2025 – XLV Oversold – XLU Breakout – ITB Moment of Truth

      July 25, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      July 24, 2025
    • Momentum Leaders Are Rotating — Here’s How to Find Them

      July 24, 2025
    • Is META Breaking Out or Breaking Down?

      July 23, 2025
    • A Wild Ride For the History Books: 2025 Mid-Year Recap

      July 23, 2025
    • Tech Taps the Brakes, Homebuilders Hit the Gas: See the Rotation on StockCharts Today

      July 22, 2025
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 simplesmartseminar.com | All Rights Reserved

    Simple Smart Seminar
    • Stock
    • Investing
    • Politics
    • Tech News
    • Editor’s Pick