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Trump says Xi to restart rare earth flows, sets date for talks

Jennifer A. Dlouhy and Catherine Lucey / Bloomberg
Jennifer A. Dlouhy and Catherine Lucey / Bloomberg • 2 min read
Trump says Xi to restart rare earth flows, sets date for talks
The US expressed concerns over the lack of rare-earth magnets essential for American electric vehicles and defence systems / Photo: Bloomberg
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President Donald Trump said his Chinese counterpart Xi Jinping had agreed to restart the flow of rare-earth materials, as negotiators from the two nations prepare to resume trade talks on June 9 in London.

The developments come as the world’s two largest economies look to resolve a simmering dispute over tariffs and technology that has unnerved markets. Trump and Xi held a 90-minute call on Thursday that saw the two agree to defuse growing tensions spurred by concerns over the flow of critical minerals needed by American firms.

US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer are set to meet Monday “with Representatives of China, with reference to the Trade Deal,” Trump said Friday on social media. “The meeting should go very well.”

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