Trump Touts Rare-Earth Win in Talks Showing Xi’s Strong Hand
Update: 2025-10-31
Description
Trump and Xi's Rare Earth Truce: A Temporary Relief, Not a SolutionPresident Trump and China's Xi Jinping recently met, focusing on rare earth minerals. Trump claimed a win, with China agreeing to pause new export controls for a year. However, this truce doesn't end the tension, as China's previous restrictions remain, and the new controls are just delayed. American companies still face challenges in obtaining parts due to export license delays and increased scrutiny. The deal is seen as risky, potentially linking U.S. high-tech export restrictions with Chinese controls on rare earths. Critics argue that the U.S. simply agreed to soften its controls, benefiting China more in the long run. Despite Trump holding back on some concessions, American industries remain vulnerable, especially with the Supreme Court set to rule on Trump's tariff powers. The agreement is viewed as a short-term ceasefire rather than a breakthrough, as China's cumbersome licensing rules for rare earth exports still stand.
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