Trump pulls out 't-word' again over China rare earths ban
China's export controls on rare-earth minerals and processing equipment create strategic leverage over global tech and defense supply chains, prompting US tariff threats.
Bessent says U.S.-China trade truce is "working pretty well"
Resumed Chinese rare-earth shipments and reduced tariffs maintain significant U.S. tariff revenue while bilateral talks continue, with a potential high-level meeting sought before November.
Bessent says new U.S.-China deal is a sign of 'de-escalation' after Trump's trade war roiled global markets
Part of the agreement was tariffs coming down and rare earth magnets starting to flow back to the U.S. They formed the core of a lot of our industrial base.