Trump Faces China's Rare Earth Power Play | JQJO

Tensions are high between the US and China after accusations of violating their recent trade truce. President Trump and Xi Jinping are expected to speak this week to salvage the deal, but China's control of rare-earth minerals gives them significant leverage. China's export restrictions on these materials, crucial for US manufacturing, forced Trump to make concessions previously. While China claims bureaucratic delays explain slower-than-expected exports, the US suspects intentional obstruction. The US is now restricting chip exports to China as leverage, creating further friction. A resolution is crucial, but Trump's negotiating position appears weak.