Connect with us

News

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

Published

on

 


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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

No Threat to Britain from Iran, Says Starmer

Published

on

No Threat to Britain from Iran, Says Starmer

 

British Prime Minister Keir Starmer on Monday dismissed fears that mainland Britain could be targeted by Iran, insisting that national security assessments show no immediate threat.

 

Speaking to reporters in London, Starmer said, “We carry out assessments all the time in order to keep us safe, and there’s no assessment that we’re being targeted in that way.”

 

The Prime Minister’s statement comes amid reports over the weekend that Iran fired two ballistic missiles at the joint U.S.-U.K. military base on Diego Garcia, an island in the Indian Ocean.

 

When asked if Britain could face repercussions from Iran following the strike, Starmer maintained a cautious tone, emphasising that protecting British interests was his top priority.

 

He also commented on the strategic Strait of Hormuz, a vital route for global oil supplies, saying any attempt to reopen it must be approached with “careful consideration” and a “viable plan.”

 

The Prime Minister concluded by underlining his commitment to de-escalation, signalling a steady but cautious British approach in the region.

Continue Reading

News

China Cautions US, Israel Against Escalation, Cites Iraq War Lessons

Published

on

China Cautions US, Israel Against Escalation, Cites Iraq War Lessons

 

China on Monday called on all parties involved in the escalating Middle East conflict, particularly the United States and Israel, to halt military operations, warning that continued hostilities could trigger a “vicious cycle” with far-reaching global economic consequences.

 

Speaking after a shuttle diplomacy tour of Saudi Arabia, the United Arab Emirates and Kuwait, China’s Special Envoy to the Middle East, Zhai Jun, urged restraint, stressing that those responsible for the crisis must take the lead in resolving it.

 

“The one who tied the bell must be the one to untie it,” Zhai said during a media briefing, underscoring Beijing’s position that dialogue, not force, remains the only viable path to de-escalation.

 

In a separate briefing, Chinese Foreign Ministry spokesperson, Lin Jian, cautioned that the continued use of force would only deepen tensions, warning that an expansion of the conflict could plunge the entire region into chaos.

 

Referencing historical precedents, China highlighted the long-term consequences of war, pointing to the Iraq War, which marked its 23rd anniversary last week, as a stark reminder of the devastation prolonged conflicts can inflict on the Middle East.

 

The ministry noted that the 2003 invasion of Iraq led to years of instability, significant loss of life and the eventual rise of extremist groups, warning that a similar trajectory could emerge if the current hostilities involving Iran persist.

 

Meanwhile, Beijing expressed concerns over the economic fallout of the crisis, particularly on global energy supply and its export-driven economy, as disruptions in the Strait of Hormuz—through which a significant share of global oil passes—threaten emerging markets and could dampen demand for Chinese goods in the coming months.

Continue Reading

News

Trump Shares Skit Mocking Starmer Amid Iran War Talks

Published

on

Trump Shares Skit Mocking Starmer Amid Iran War Talks

 

United States President Donald Trump has shared a video of a comedy skit portraying United Kingdom Prime Minister Keir Starmer as anxious about taking his call, hours after both leaders discussed the ongoing US-Israel war with Iran.

 

The clip, posted on Truth Social, was taken from a British adaptation of Saturday Night Live and featured actor George Fouracres depicting a visibly nervous Starmer inside Downing Street ahead of a fictional phone conversation with Trump.

 

In the skit, Starmer is seen expressing fears about speaking with Trump, jokingly referring to him as a “scary, scary, wonderful president,” while consulting a parody version of Foreign Secretary David Lammy over the United Kingdom’s position on the Strait of Hormuz crisis.

 

Trump did not include any caption with the video, which surfaced amid rising tensions between Washington and its NATO allies over their reluctance to support US-led efforts to counter Iran’s blockade of the Strait of Hormuz.

 

The US President has recently criticised NATO members, including the UK, describing them as unwilling to assist in what he termed a straightforward military effort to reopen the vital oil shipping route, through which about 20 per cent of global supply passes.

 

Meanwhile, both leaders held talks on Sunday evening, with Downing Street confirming that Trump and Starmer agreed on the urgency of reopening the Strait to stabilise global energy markets and ensure uninterrupted shipping.

 

However, Starmer on Monday stressed the need for caution, noting there was no indication Britain was under direct threat from Iran, while reiterating that any military response must prioritise de-escalation and protection of British interests.

Continue Reading

Trending