The Trump administration is keenly aware of its rare earths Achilles heel, and has rolled out price floors, equity investments, federal stockpiling, and more.
U.S. President Donald Trump is in Beijing for a highly anticipated summit with his Chinese counterpart President Xi Jinping. It is the first U.S. state visit to China since 2017, during Trump’s first administration. Trade, the Iran war, artificial intelligence and the fate of Taiwan are some of the issues being discussed, although it’s not clear if any new agreements are likely. Trump traveled to China with Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Treasury Secretary Scott Bessent, along with a delegation of top U.S. executives including Apple CEO Tim Cook, Elon Musk of Tesla and Jensen Huang of Nvidia.
The summit comes after years of rising hostility between the two superpowers, but leaders recognize the importance of improving the bilateral relationship, says Zhao Hai, director of international political studies at the Institute of World Economics and Politics in Beijing. “This is a very critical historical moment [at] a crossroad, and both sides now are working together to establish a stable relationship that will have a global ramification,” he says.
We also speak with Jake Werner, a historian of modern China and director of the East Asia Program at the Quincy Institute for Responsible Statecraft. He says the U.S.-Israeli war on Iran and the resulting economic chaos have strengthened China’s position.
“China has ties to all the countries in the region. It has acted in the past to help broker the normalization of relations between Saudi Arabia and Iran,” says Werner. “So it has some experience in this realm, sort of acting as a broker towards peace.”
Netanyahu’s office said the secret visit had deepened cooperation, but the UAE foreign ministry insisted that the reports of the “alleged visit” were false.
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