Beijing continues restricting rare earth exports to the U.S. despite recent trade talks and multibillion-dollar deals secured during Trump’s visit.
China has sustained restrictions on rare earth exports to the U.S. following President Donald Trump’s summit with Chinese leader Xi Jinping in Beijing. The move persists despite the two nations agreeing to multibillion-dollar trade deals aimed at easing tensions and opening Chinese markets to U.S. tech firms.
The summit, attended by high-level American CEOs, yielded modest diplomatic progress but failed to address critical supply chain vulnerabilities, including rare earth minerals. China controls over 80% of global rare earth production, a key input for defense and technology sectors.
No immediate market reaction was reported, though analysts warn prolonged restrictions could pressure U.S. manufacturers reliant on these materials.