US-China Rare Earths Deal Expected by Thanksgiving

Treasury Secretary Scott Bessent announces a promising rare earths deal between the US and China, expected to be finalized by Thanksgiving. This agreement aims to stabilize the supply of critical minerals, essential for high-tech industries. The deal builds upon a previous framework, with both nations committing to mutually beneficial resolutions, avoiding further trade tensions and ensuring access to crucial resources. Bessent disputes recent claims of Chinese officials restricting rare earth access for American military-linked companies. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.