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China Plans Rare-Earth Export Controls This Fall, U.S. Says

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Story summary
  • U.S. President Donald Trump meets Chinese President Xi Jinping in Washington on trade, AI and rare earths.
  • The May 2026 deal promises $30 billion tariff cuts, but implementation is uncertain.
  • China pledged at least $17 billion yearly U.S. farm purchases, including 25 million metric tons of soybeans.
  • China plans broad rare-earth export controls this fall, senior U.S. officials say.
  • Tech CEOs Jensen Huang, Sam Altman and Cristiano Amon will attend dinner, focusing on AI.