China, Trump
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Earlier this month, President Trump threatened to impose an additional 100% tariff on imports from China starting next month.
President Trump’s tariff leverage over China faces new strain as Beijing’s economy posts stronger than expected growth and diversifies exports.
In Washington, China hawks say its economy is too weak to withstand a tariff shock. In the city of Yiwu, factories are showing why, for now, that may be a miscalculation.
President Donald Trump and Australian Prime Minister Anthony Albanese have signed a significant critical-minerals deal at the White House, as the U.S. seeks to secure Australia ’s rich rare-earth resources amidst China’s increasingly stringent export regulations.
11hon MSN
Trump, Australian PM sign $8.5B critical minerals deal to counter China dominance in rare earths
President Donald Trump and Australian Prime Minister Anthony Albanese announced an $8.5 billion rare earths agreement to reduce dependence on China's mineral supply dominance.
Trump affirmed that he would meet with Xi this month on the sidelines of the Asia Pacific Economic Cooperation summit, a grouping of 21 economies. Beijing has not announced plans for Xi to make the trip to South Korea, but it’s not unusual for such details to emerge closer to the travel date.
China’s decision to restrict export of rare earth minerals on Oct. 10 triggered a round two of tit-for-tat actions.
Xi Jinping’s need to project strength before a crucial meeting of Communist Party leaders may help explain why Beijing announced new rare earth controls.
China, once the largest buyer of American soybeans, has not purchased a single shipment since May, according to U.S. Department of Agriculture data. In 2024, China bought $12.5 billion of the $24.5 billion worth of soybeans the U.S. exported globally—more than 50 percent. For months now, the figure has been zero.
China’s export curbs on rare earths and chips strike at a critical U.S. vulnerability—just as Trump and Xi prepare to meet in South Korea.
US officials claim that Chinese-run ports are helping Beijing to gather intelligence. Ports in Greece, Nigeria and Sri Lanka have welcomed Chinese warships, while China’s first overseas military base, in the tiny African nation of Djibouti, began life as a “logistics hub” next to a Chinese-owned port.
Treasury Secretary Scott Bessent commented on the Trump administration's strategy for the "trade war" with China during an appearance at a CNBC event on Friday. "I think things can de-escalate; we don't want to have to escalate,