Trump confirms rare earth deal with China
me-metals: President Donald Trump announced on Wednesday that the US and China have reached a deal under which Beijing will supply magnets and rare earth minerals, while American colleges and universities will once again admit Chinese students.
According to me-metals cited from mining.com, “WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT!” Trump wrote on Truth Social.
A White House official told Reuters the US will impose a 55% total tariff on imported Chinese goods, including a 10% baseline “reciprocal” tariff, a 20% levy related to fentanyl trafficking, and 25% from pre‑existing tariffs. China will respond with a 10% tariff on US imports.
“FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!)” Trump added.
He emphasized that both he and Chinese President Xi Jinping must formally approve the framework, which reflects recent London negotiations meant to revive the Geneva tariff truce from last month.
Officials from both countries plan to finalize the agreement after outbound materials begin flowing.
However, while the new terms restore supply lines and student exchanges, they leave unresolved core issues, including China’s trade surplus and broader structural imbalances.
Between 2020 and 2023, China accounted for 70% of US rare earth imports, making it by far the country’s top supplier. Malaysia, Japan and Estonia round out the top four.
China produces around 90% of the world’s refined rare earths and is home to the largest capacity for separation and purification, giving it a chokehold on global supply chains.
These elements are essential in military applications, electric motors, and next-gen electronics. Companies like Lockheed Martin, Tesla and Apple rely on these materials in their core products.
source: mining.com
Related News
Top News
One last month
Four last month
Former De Beers CEOs circle diamond giant as sale nears
Lynas Rare Earths surges as China’s export curbs disrupt auto industry
Bank gold traders reaped $500 million as tariff panic set in
Gold price inches higher with spotlight on US-China trade talks
Rio Tinto faces major engineering change at Oyu Tolgoi
Barrick’s Loulo-Gounkoto mine faces more legal uncertainty in Mali
Cobalt Holdings drops London IPO plans
Ontario fast-tracks controversial mining law
Petra Diamonds rethinks sales tactics as market slump drags on
Condor-Teck copper project in Peru receives environmental approval
KORITE acquisition in Alberta creates world’s only mine-to-market ammolite producer
Gold price extends rally following Israeli attack on Iran
Dundee Precious Metals to buy Adriatic in $1.25B deal
Perseus forecasts 2.7 million oz. gold production over five years
China coal imports could drop by up to 100mt in 2025, industry group says
Rare earth startups eye slice of $1 billion bounty from Brazil
Gold surpasses euro as second-largest reserve asset: European Central Bank
Glencore halted some cobalt deliveries over Congo export ban
Resolution stakes claim in US critical minerals market
KORITE acquisition in Alberta creates world’s only mine-to-market ammolite producer
Gold price extends rally following Israeli attack on Iran
Perseus forecasts 2.7 million oz. gold production over five years
China coal imports could drop by up to 100mt in 2025, industry group says
Rare earth startups eye slice of $1 billion bounty from Brazil
Gold surpasses euro as second-largest reserve asset: European Central Bank
Glencore halted some cobalt deliveries over Congo export ban
Resolution stakes claim in US critical minerals market
Ivanhoe slashes 2025 copper guidance by 28% following DRC mine restart
