President Donald Trump announced on Friday that Chinese President Xi Jinping agreed to restart rare earth mineral shipments to the U.S., which had been halted in April. This agreement followed a 'very good phone call' between the two leaders on Thursday, primarily focused on trade. The halt in exports of these critical minerals, vital for various industries including defense, had been a significant point of economic and national security friction between the two countries.
Trump announces China will restart rare earth mineral shipments to US after productive call
Donald TrumpXi-jinpingChinaTradeForeignaff
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TL;DR: Key points with love ❤️President Donald Trump announced on Friday that Chinese President Xi Jinping agreed to restart rare earth mineral shipments to the U.S., which had been halted in April. This agreement followed a 'very good phone call' between the two leaders on Thursday, primarily focused on trade. The halt in exports of these critical minerals, vital for various industries including defense, had been a significant point of economic and national security friction between the two countries.
Trending- 1 Late last year: China imposed sanctions on U.S. military contractors.
- 2 April: China effectively halted exports of seven precious minerals.
- 3 April 4: Overseas deliveries of magnets stopped due to new licensing rules.
- 4 Thursday: Trump and Xi had a 'very good phone call.'
- 5 Friday: Trump announced China would restart rare earth mineral shipments.
- Resumption of critical mineral supply to the U.S.
- De-escalation of a trade/supply chain dispute
- Positive outcome for U.S. manufacturing and defense
What: President Donald Trump announced that Chinese President Xi Jinping agreed to restart rare earth mineral shipments to the U.S. after a phone call.
When: Friday (Trump announced), Thursday (phone call between Trump and Xi), April 4 (overseas deliveries of magnets stopped), April (China effectively halted exports), late last year (China imposed sanctions on U.S. military contractors).
Where: U.S., China.
Why: China had halted shipments of rare earth minerals as a direct strike on America's manufacturing and defense supply chain, following new licensing rules and sanctions related to an arms sale to Taiwan. The restart is a result of a 'productive' trade-focused call between Trump and Xi.
How: Trump and Xi held a phone call, leading to the agreement.