Trump says deal 'done' for China to supply rare earths – DW – 06/11/2025
The US president has announced a rare earth supply deal with China, signaling a step forward in trade talks. The agreement also includes provisions for Chinese students in the US.
US President Donald Trump on Wednesday announced progress in trade negotiations with China, highlighting a new agreement that would see Beijing supply the world's biggest economy with "magnets, and any necessary rare earths."
Rare earth elements are critical for various high-tech industries, and China is the world's dominant supplier. The agreement marks a potential de-escalation in trade tensions between the two economic powers.
The deal follows two days of talks in London, where rare earth exports were a major point of contention. Trump said the agreement — pending final approval from both him and Chinese President Xi Jinping — also includes a provision allowing Chinese students to continue studying at US colleges.
More to come...
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Int'l Business Times
an hour ago
- Int'l Business Times
Trump's China Trade Truce Met With Industry Skepticism Over Lasting Tariff Impact
U.S. President Donald Trump takes the stage during a rally with U.S. Army troops on June 10, 2025 at Fort Bragg, North Carolina. President Donald Trump announced a new trade agreement with China this week, calling the years-long trade war "done." Under the deal, the US will keep a steep 55% tariff on Chinese imports, while China will charge a 10% tariff on goods coming from the US. But many in the business world say the real problems aren't over. "This deal might slow the fight, but it won't fix the damage," said Alan Baer, CEO of logistics company OL USA. He warned that the high tariff rate will still hurt companies and could lead to job losses. "Very few companies can handle that kind of cost without passing it to the customer," he added. According to USA Today , While President Trump shared the news on social media, calling it a "done deal," Chinese officials and White House aides said the agreement is only a framework and still needs final approval from both Trump and China's President Xi Jinping. Some business leaders feel uneasy about the lack of clear terms. "A 55% tariff is too high for companies to go back to regular trade with China," said Bruce Kaminstein, founder of Casabella, a home products company. He added, "This will raise prices or force businesses to cut costs—either way, families will feel it." BREAKING 🚨 In case you missed it, Donald Trump stuns the world announcing the China Deal is doneTrump truly is the BEST Deal maker EVER Tariffs ABSOLUTELY work 🔥 — MAGA Voice (@MAGAVoice) June 11, 2025 Clothing Prices May Rise, Retailers Warn After Trade Truce The American Apparel and Footwear Association also raised concerns. CEO Steve Lamar said the deal might sound good, but it still means higher prices for clothes and shoes in the US, CNBC said. "It's not a win for American shoppers," he said. "Especially with back-to-school and the holidays coming up." Even though inflation has slowed a bit, there's still a lot of uncertainty. Many companies that import goods from China say they are waiting to see what really happens before placing more orders. The trucking and shipping industries are also being affected. Dean Croke of DAT Freight & Analytics said that the pause in the trade war has helped in the short term, but the rest of the year looks tough. "It's hard for businesses to plan when everything can change with a tweet," he said. Experts agree that unless a long-term deal is made, the supply chain won't fully recover. While rare earth trade and student visas are part of the new deal, most leaders believe that for businesses to feel secure again, tariff rates need to come down. Originally published on © {{Year}} All rights reserved. Do not reproduce without permission.
Int'l Business Times
an hour ago
- Int'l Business Times
Donald Trump Attends Les Misérables at Kennedy Center — Audience Reaction Divides the Room
US President Donald Trump was met with loud boos and jeers during the opening night of Les Misérables at the Kennedy Centre in Washington DC on 11 June 2025. It was his first high-profile appearance at the venue since appointing himself chairman. Some audience members applauded, chanting 'USA', while others turned their backs, turning the evening into a politically charged spectacle. Divided Audience Reflects Show's Themes The mixed reaction echoed the musical's core themes of revolution and redemption. While some welcomed President Trump's presence, critics voiced concern over his conservative changes at the Centre. These included the cancellation of Pride-themed events and drag performances. Drag Artists Lead Pride Month Protest Outside the venue, drag performers and LGBTQ+ activists staged a protest timed for World Pride Month. They waved placards and chanted against the president's record on LGBTQ+ rights and his role in cancelling inclusive programming. Organisers said his presence at such a symbolic event was a direct affront to the values of Pride. Performers Boycott in Silent Protest Reports suggest at least ten members of the touring cast chose not to perform. Though not officially confirmed, sources close to the production say these absences were a silent protest. Many in the arts community remain critical of the president's track record on inclusion and expression. A Cultural Institution Under Fire The Kennedy Centre, long regarded as a champion of diversity, is now seen by some as politically compromised. President Trump's leadership and appointments to cultural boards have led to concerns over censorship and the politicisation of the arts. Several artists and board members have stepped down in response. Supporters claim the Centre is simply shifting direction. However, the decision to cut Pride events and reshape programming has fuelled fears of artistic regression. Night of Protest Raises Big Questions The evening raised more than £7.8 million (US$10 million) for the Centre. Yet the backlash highlighted deep divisions in American culture. Protesters outside and dissent within the audience made clear that the president's appearance was not just symbolic — it was controversial. What It Means Public response : Cheers met boos in a rare clash of culture and politics on stage. : Cheers met boos in a rare clash of culture and politics on stage. LGBTQ+ backlash : Pride Month protests spotlight ongoing concerns over rights and visibility. : Pride Month protests spotlight ongoing concerns over rights and visibility. Art vs politics: The Kennedy Centre must choose whether to protect creative freedom or bow to political tides. Final Word President Trump's appearance sparked more than applause or protest. It ignited a national debate on culture, politics and identity. As the arts and politics grow more entangled, institutions like the Kennedy Centre face mounting pressure to define what they stand for. The curtain may have fallen on Les Misérables , but the larger drama continues. Originally published on IBTimes UK
Int'l Business Times
an hour ago
- Int'l Business Times
Trump's National Guard Troops Deployed for LA Protests Are Still Unpaid, Sleeping on Cots Outdoors: Report
Thousands of National Guard soldiers deployed in Los Angeles are waiting on pay and benefits because of delays in paperwork authorizing their activation. President Donald Trump sent roughly 4,000 Guard members into LA to respond to protests against ICE enforcement operations, but more than a dozen troops across four units have yet to receive the official paperwork activating their duty status, according to a report. Without those orders, soldiers are not eligible for pay, health care under Tricare, or VA benefits. Defense officials acknowledged that the sudden scale of the deployment has overwhelmed normal administrative channels. While backpay is expected once the paperwork catches up, the delay is already causing anxiety among troops juggling personal finances and family responsibilities. Some part-time Guardsmen said they left higher-paying civilian jobs without knowing how much they would earn or whether they would qualify for housing allowances — which can range from $3,000 to $5,000 per month in the LA area, depending on rank. Service members also described poor living conditions, including sleeping on cots outdoors and irregular access to food and fuel. The mission, expected to last 60 days, is estimated to cost taxpayers $134 million, according to Pentagon officials. "You sent your troops here without fuel, food, water or a place to sleep," California Governor Gavin Newsom, who has vocally opposed the deployment of federal forces, wrote on X. "If anyone is treating our troops disrespectfully, it is you." One Guard officer, speaking anonymously, said morale was suffering. Typically, the Guard is deployed into communities to provide aid and is in turn, bolstered by donations from businesses and restaurants. "This is a situation [where] we're against the community," the officer told Defense Secretary Pete Hegseth defended the mission in a House budget hearing on Tuesday, hinting at an increased reliance on domestic National Guard deployment. "I think we're entering another phase, especially under President Trump with his focus on the homeland," Hegseth said. "Where the National Guard and reserves become a critical component of how we secure that homeland." Originally published on Latin Times
