💨 Abstract

In diplomatic progress, US President Donald Trump announced that Chinese leader Xi Jinping has agreed to resume supplying rare earth materials, vital for industries like automobiles and defense. This comes after a crucial telephone call where both leaders decided to restart stalled trade negotiations, hindered by mutual accusations of violating a ceasefire. Trump confirmed the renewal of supply, though details on timeline and volume remain unclear. China controls 90% of global rare earth processing, using export restrictions as leverage in diplomatic disputes.

Courtesy: WTOP Staff