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U.S.,  China Reach Preliminary Trade Deal Including Rare Earth Mineral Access

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U.S.,  China Reach Preliminary Trade Deal Including Rare Earth Mineral Acces

 

WASHINGTON — Former President Donald Trump announced Wednesday that the United States has reached a trade agreement with China that would ease restrictions on critical rare earth minerals and magnets, materials essential to sectors ranging from defense and electric vehicles to robotics.

In a post on his social media platform Truth Social, Trump declared the deal “done,” stating that China has agreed to supply “any necessary rare earths” and magnets. In return, the U.S. will ease restrictions on Chinese students studying at American universities.

The agreement follows months of heightened trade tensions between the two countries, marked by retaliatory tariffs and escalating export controls. China’s earlier curbs on rare earth mineral exports had disrupted supply chains and slowed production at several U.S. companies, including automaker Ford Motor Co.

While specific terms of the agreement remain unclear, analysts caution that Beijing may continue to wield rare earth supplies as strategic leverage.

“China’s going to want to maintain leverage,” said Gracelin Baskaran, director of the Critical Minerals Security Program at the Center for Strategic and International Studies, in comments to The Wall Street Journal.

Trump also stated that under the terms of the deal, the U.S. will impose a 55% tariff on Chinese imports, while China will levy a 10% tax on U.S. goods. He added that the agreement remains subject to final approval from both himself and Chinese President Xi Jinping.

Earlier Wednesday, Chinese state media reported that officials from both nations had reached a “framework” agreement following bilateral talks held in London.

The announcement marks a potential de-escalation in a protracted trade dispute that has rattled markets and complicated global supply chains.

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Democracy in Decline: Peter Obi Slams Tinubu’s Two-Year Rule

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Former Anambra State Governor and Labour Party presidential candidate, Peter Obi, has expressed deep concern over the state of democracy in Nigeria under President Bola Tinubu’s administration.

Obi made this assertion in a Democracy Day message titled “Democracy in Decline: Reflecting on Two Years of Tinubu’s Governance,” reacting to the President’s speech to a joint session of the National Assembly.

According to Obi, a comprehensive review of Tinubu’s two-year rule reveals significant shortcomings in governance and policy delivery.

“Democracy has been in recession since President Bola Tinubu took over power two years ago,” Obi stated, adding that the All Progressives Congress (APC)-led administration has performed poorly across various governance indices, including corruption, economic management, insecurity, and politics.

Obi lamented that Nigeria can no longer be classified as a democratic country, citing the absence of vital democratic indicators.

“Democracy is said to be ‘a government of the people, by the people, and for the people,’ yet none of these three measures exist in our democracy today,” he noted.

The Labour Party leader called on President Tinubu to emulate the example of late President Umaru Yar’Adua, who acknowledged the flaws in his election process and took steps to address them.

He also commended former President Goodluck Jonathan for accepting defeat before the announcement of the 2015 election results, describing it as a significant contribution to Nigeria’s nascent democracy.

Obi urged President Tinubu to prioritize domestic engagement over international trips, suggesting that the President should tour the 36 states of Nigeria instead of spending excessive time abroad.

“Governing by remote is not what Nigerians need, you need to go round and get firsthand,” Obi advised, noting that the President’s over 30 international trips in two years have not yielded the desired results.

The former governor emphasized the need to end the current era of impunity, state capture, and disregard for the rule of law, stressing that these issues are essential to the survival of Nigeria’s democracy.

“We must end this troubling governance era that is filled with impunity, state capture, and absolute disregard for the rule of law and the checks and balances required of any worthwhile democracy,” Obi declared.

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IAEA Declares Iran in Breach of Nuclear Obligations

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The International Atomic Energy Agency’s (IAEA) Board of Governors has declared Iran in breach of its nuclear non-proliferation obligations.

The resolution, passed on Thursday with 19 votes in favor out of 35 countries, marks the first time in 20 years that such a declaration has been made against Iran.

According to the vote breakdown, 19 countries voted in favor of the motion, submitted by the US, UK, France, and Germany while 3 countries – Russia, China, and Burkina Faso – voted against the resolution with 11 countries abstained and 2 countries did not vote.

The IAEA’s report highlights Iran’s “many failures” to provide full answers about its undeclared nuclear material and activities, constituting non-compliance with its obligations.

The agency is concerned about Iran’s stockpile of enriched uranium, which can be used for both reactor fuel and nuclear weapons.

The report also notes that Iran has enough uranium enriched to 60% purity, near weapons-grade, to potentially make nine nuclear bombs.

Iran’s government condemned the resolution as “political” and announced plans to open a new uranium enrichment facility at a secure location.

They also intend to replace first-generation centrifuges with sixth-generation ones at the underground Fordo facility. “Other measures are also being planned,” the statement added.

This development could further complicate talks between Tehran and Washington on a new nuclear agreement.

US President Donald Trump hopes to see Iran end its enrichment program and prevent it from developing a nuclear weapon.

However, Trump expressed growing skepticism about striking a deal earlier this week.

The move comes amid heightened tensions in the Middle East, with the US advising non-essential staff at some embassies to leave and reports suggesting Israel is preparing to launch strikes on Iranian nuclear facilities.

Iran’s defense minister has warned that any attack would be met with retaliation against US military bases within reach.

Diaspora Watch recalls that the 2015 nuclear deal between Iran and six world powers limited Iran’s nuclear activities in exchange for relief from economic sanctions.

However, the US withdrew from the agreement in 2018, citing concerns about Iran’s nuclear pathway.

Since then, Iran has increasingly breached restrictions on enriched uranium production.

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Air India Flight 171 Crashes in Ahmedabad, Gujarat: Death Toll Mounts

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A devastating air disaster struck Ahmedabad, Gujarat, on Thursday when Air India Flight 171, carrying 242 passengers and crew members, crashed shortly after takeoff from Sardar Vallabhbhai Patel International Airport.

The flight, bound for London’s Gatwick Airport, plummeted to the ground approximately 1.7 kilometers from the airport, leaving a trail of destruction and loss of life.

According to local authorities, at least 204 bodies have been recovered from the crash site, with more feared trapped under the rubble.

City Police Commissioner GS Malik confirmed that there appear to be no survivors from the crash.

“There appears to be no survivor in the crash,” Malik told AFP. “And since the airplane has fallen on an area which was residential and had some offices, there are more casualties as well”.

The airline revealed that among the passengers were: 169 Indian Nationals, 53 British Nationals, 1 Canadian and 7 Portuguese Nationals.

Over 90 emergency response workers have been deployed at the site, with rescue teams working tirelessly to pull rubble and search for survivors.

The Aircraft Accident Investigation Bureau (AAIB) has launched a probe into the crash, while the US Federal Aviation Authority (FAA) has expressed readiness to provide technical support.

Prime Minister Narendra Modi has taken stock of the situation, ordering rescue and relief operations.

Union Home Minister Amit Shah and Civil Aviation Minister Ram Mohan Naidu have rushed to Ahmedabad to assess the situation.

British Prime Minister Keir Starmer has expressed his devastation at the incident, saying, “My thoughts are with the passengers and their families at this deeply distressing time”.

The Ministry of External Affairs has termed the crash a “tragic accident”, extending condolences to the families of the victims.

The High Commission of Canada has also expressed its deepest condolences, with Canadian Prime Minister Mark Carney stating he was “devastated” by the news.

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