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Deal with China Will Speed Export of Rare Earth Minerals to the U.S., Treasury Secretary Says

  • On June 27, 2025, the United States and China reached a trade agreement designed to improve American companies' ability to acquire key rare earth elements and magnetic materials supplied by China.
  • The deal followed China's retaliation against steep U.S. tariffs and included scaling back punitive tariff hikes that disrupted critical supply chains.
  • U.S. Treasury Secretary Scott Bessent stated that the agreement includes lowering tariffs and resuming the supply of rare earth magnets to the United States.
  • Bessent expressed assurance that the magnets would be supplied to U.S. companies that had previously received them regularly, in line with the established agreement.
  • The agreement suggests a de-escalation in the trade war, but concerns remain about U.S. economic risks, including funding the national deficit and investment stability.
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The US is looking towards Greenland and Ukraine – and the EU is looking for alternatives to China. Outside Gränna, Göran and Ingela Karlsson are worried that the hunt for rare earth metals could soon turn their lives upside down.

·Stockholm, Sweden
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Western Investor broke the news in on Friday, June 27, 2025.
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