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Yahoo
26 minutes ago
- Yahoo
Trump announces China will restart rare earth mineral shipments to US after productive call
President Donald Trump told reporters on Air Force One Friday that Chinese President Xi Jinping had agreed to start sending rare earth minerals to the U.S. after halting the shipments in April. Trump held a gaggle on the presidential jet Friday evening, and one reporter asked him just before landing if Xi had agreed to restart the flow of rare earth minerals and magnets to the U.S. "Yes, he did," Trump replied. "We're very far advanced on the China deal." The news comes about a month and a half after China effectively halted exports of seven precious minerals, vital for assembling cars, robotics and defense systems, to the U.S. in a direct strike on America's manufacturing and defense supply chain. Liz Peek: Trump Must Stay Strong, Us Reliance On Chinese Minerals And Drugs Puts Americans At Risk Overseas deliveries of magnets stopped April 4, when new licensing rules took effect, according to The New York Times. Companies are only allowed to export rare earth materials if they obtain special export licenses, which take 45 days to receive. Read On The Fox News App The halt also threatened to undercut Trump's tariff strategy because China produces about 60% of the world's critical mineral supply and processes even more, up to 90%. Putin Says Russia Is Open To Economic Cooperation With Us On Rare Earth Minerals China's mineral halt to the U.S. Defense Department came after Beijing had already imposed sanctions on multiple U.S. military contractors late last year, according to Reuters. Chinese entities were prohibited from engaging or cooperating with them in response to an arms sale to Taiwan, the outlet reported. Trump and Xi had a lengthy call Thursday amid economic and national security friction regarding trade between the U.S. and China. Trump's 'Rare' Price For Us Military Aid To Ukraine Called 'Fair' By Zelenskyy "I just concluded a very good phone call with President Xi, of China, discussing some of the intricacies of our recently made, and agreed to, Trade Deal," Trump said Thursday in a Truth Social post. "The call lasted approximately one and a half hours and resulted in a very positive conclusion for both Countries." Trump said the conversation focused mostly on trade. The call came nearly a week after Trump condemned China for violating an initial trade agreement that the U.S. and China hashed out in May and a day after Trump said Xi was "extremely hard to make a deal with" in a Truth Social post. Fox News' Diana Stancy, Bonny Chu, Danielle Wallace, Morgan Phillips and Reuters contributed to this article source: Trump announces China will restart rare earth mineral shipments to US after productive call

Associated Press
36 minutes ago
- Associated Press
MLB executive Bryan Seeley named College Sports Commission CEO after NCAA settlement approval
The newly formed agency in charge of policing rules in the remade college sports system picked Major League Baseball executive Bryan Seeley as its new CEO. The College Sports Commission announced Seeley as its new leader Friday, shortly after U.S. Judge Claudia Wilken granted final approval of the $2.8 billion House v. NCAA settlement. The settlement allows schools to directly pay players for using their name, image and likeness in endorsement deals. It also allows players to receive NIL payments from third parties. The new commission will be in charge of making sure schools adhere to the rules, which call for a $20.5 million cap on all payments. It is also setting up a clearinghouse to evaluate third-party deals worth $600 or more. 'I look forward to implementing a system that prioritizes fairness, integrity, and opportunity, while preserving the values that make college sports unique,' Seeley said in a statement announcing his appointment. 'I am energized by the work ahead and excited to begin building out our team.' As executive vice president of legal and operations, Seeley oversaw MLB investigations, compliance, state government relations, sports betting and other areas. He played a key role in MLB's sign-stealing investigation into the Houston Astros in 2020. The CSC will begin operation on July 1 when the settlement officially takes effect. ___ AP college sports:


CNN
39 minutes ago
- CNN
Attorney for mistakenly deported man talks to Erin Burnett
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