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Trump Administration Pursues Key Rare Earths Deal with China

11/17/2025

Summary

Story summary

The U.S. President Donald Trump administration aims to finalize a rare earths deal with China by Thanksgiving to bolster U.S. supply chains.
Treasury Secretary Scott Bessent expressed confidence in China's commitment after a leaders' meeting in Korea, while dismissing concerns about restrictions on military-affiliated companies.
A Council on Foreign Relations report warns that U.S. vulnerabilities stem from reliance on Chinese minerals amid ongoing trade tensions.

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Story summary

The U.S. President Donald Trump administration aims to finalize a rare earths deal with China by Thanksgiving to bolster U.S. supply chains.
Treasury Secretary Scott Bessent expressed confidence in China's commitment after a leaders' meeting in Korea, while dismissing concerns about restrictions on military-affiliated companies.
A Council on Foreign Relations report warns that U.S. vulnerabilities stem from reliance on Chinese minerals amid ongoing trade tensions.