Trade Deal Negotiations between U.S. and China
President Donald Trump had a 'very good' phone call with China's Xi Jinping, where Xi agreed to restart the flow of rare earth minerals and magnets to the U.S. after halting shipments in April. This follows tensions over trade deals and national security concerns between the two countries.
Key Points
- Xi Jinping agreed to restart rare earth mineral shipments to the U.S.
- China had halted exports of vital minerals to the U.S. in April.
- China's actions were seen as a direct strike on America's manufacturing and defense supply chain.
Pros
- Restarting rare earth mineral shipments from China to the U.S. benefits American manufacturing and defense industries.
- Positive development in U.S.-China trade negotiations.
Cons
- Tensions between the U.S. and China over trade and national security issues.