With a stagnant economy and an international market increasingly wary of dumping, Trump’s tariffs and export controls add a layer of uncertainty for China.
Treasury Secretary Scott Bessent said China’s rare earth export threats “backfired,” spurring the U.S. and allies to secure new sources within two years.
“We agreed on many things, with others, even of high importance, being very close to resolved,” Trump said in a social media post after the talks with Xi.
