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president Donald Trump On Friday, China’s President Xi Jinping told Air Force reporters that he agreed to start sending rare earth minerals to the United States after halting cargo in April.
Trump made a joke on the president’s jet on Friday evening, and one reporter asked him just before landing. Xi agreed Rebooting rare earth minerals and magnet flows to the US
“Yes, he did,” Trump replied. “We are making a great progress in China’s trading.”
The news is essential for assembling cars, robotics and defense systems in the United States, about a month and a half after China effectively halted exports of seven valuable minerals.
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President Donald Trump said Xi Jinping agreed to reboot rare earth minerals and magnet flows into the US during a gag in the Air Force on Friday. (Getty)
According to the New York Times, overseas delivery of magnets stopped on April 4th when the new licensing rules were in effect. Companies are permitted to export rare earth materials only if they obtain a special export license.
The halt also threatened to undermine Trump’s tariff strategy, as China produces another 90% of the world’s key mineral supply and processes.
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Workers transport soil containing rare earth elements for export at the port of the Liayong River in Jiangsu Province, China. (Reuters)
China’s mineral termination US Department of Defense According to Reuters, it came after Beijing had already imposed sanctions on several US military contractors late last year. According to the outlet, Chinese entities were prohibited from engaging or cooperating with them in response to arms sales to Taiwan.
Trump and Xi made a long call Thursday amid economic and national security frictions over trade between the US and China.
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Chinese President Xi Jinping in Bangkok, Thailand. (Lauren Desike/Getty Images)
“I concluded a very good call with Chinese President XI, discussing and agreeing to some of the complexities that have been created recently. Trade Contract“Trump said on Thursday in the Truth Social Post.
Trump said the conversation focused primarily on trade.
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The call comes almost a week after Trump accused China of violating an early trade deal in May, where the US and China havehed the day after Xi said it was. “It’s very difficult to make a trade.” In a true social post.
Fox News’ Diana Stancy, Bonnie Chew, Daniel Wallace, Morgan Phillips and Reuters contributed to the report.
