The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Politics

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

by admin June 7, 2025
June 7, 2025
Trump announces China will restart rare earth mineral shipments to US after productive call
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
FacebookTwitterGoogle +Pinterest
previous post
FLASHBACK: Musk accused Trump, GOP leaders of not wanting to cut spending — here’s where they said they would
next post
TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

Related Posts

SCOOP: House Republican eyes bid for Thom Tillis...

June 30, 2025

148 Democrats back noncitizen voting in DC as...

June 11, 2025

Dem senator plows ahead with war powers resolution...

June 25, 2025

Jim Jordan subpoenas company led by daughter of...

August 29, 2024

Inside NASA’s fast-track plans for lunar nuclear power...

August 8, 2025

China exerts new restrictions on exports of minerals...

September 17, 2024

VP Kamala Harris dodges question whether she’d debate...

March 10, 2024

Harris takes aim at Trump as she vows...

August 23, 2024

Javier Milei first world leader to meet with...

November 15, 2024

New poll reveals how well voters know the...

August 3, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      August 31, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      August 31, 2025
    • Epstein estate to hand over ‘birthday book’ to lawmakers, House Dem says

      August 31, 2025
    • Dyan Cannon denied White House entry after lying about her age on passport documents

      August 31, 2025
    • Israel eliminates Houthi prime minister in Yemen airstrike targeting senior government officials

      August 31, 2025
    • Sen. Bernie Sanders calls on RFK Jr. to resign following departure of CDC officials

      August 31, 2025

    Categories

    • Business (1,370)
    • Politics (4,370)
    • Stocks (1,619)
    • Uncategorized (45)
    • World News (1,363)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved