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Trump: China Agrees to Keep Rare Earth Exports Flowing in Global Deal. China has agreed to keep rare earth exports moving to global markets under a one-year deal reached between Presidents Donald Trump and Xi Jinping during talks in South Korea. Trump, speaking aboard Air Force One, said the agreement would "settle" the issue and could be extended, describing it as a win not just for the U.S. but for the entire world. Beijing has not yet confirmed the details. Rare earth elements — essential for cars, aircraft, and weapons — have been at the center of trade tensions since China tightened export controls earlier this year, causing global shortages. U.S. officials say China will halt plans for new restrictions following the leaders' understanding, easing fears of renewed supply disruptions as existing export limits are reviewed.
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