BREAKING: US-China Rare Earths Deal Set to Drop by Thanksgiving? ๐บ๐ธ๐จ๐ณ
Treasury Secretary Scott Bessent just dropped a bombshell โ a major agreement on rare earth minerals and magnets could be finalized before you carve that turkey!
This comes after a framework deal last month where the US holds off on slapping 100% tariffs on Chinese imports, and China pauses its export licensing plans that could choke supply chains.
Bessent's confident China will honor the pact, fresh off a Trump-Xi meetup in Korea. He even shut down WSJ rumors about Beijing blocking access for US military-linked firms.
Why it matters: Rare earths power everything from EVs to defense tech. This could ease tensions, stabilize prices, and boost global supply โ a win for tech giants and national security alike! ๐ฅ
What do you think โ peace offering or just a holiday truce? Drop your takes below.
#USChinaDeal #RareEarths #ThanksgivingTrade $BTC $ETH
Treasury Secretary Scott Bessent just dropped a bombshell โ a major agreement on rare earth minerals and magnets could be finalized before you carve that turkey!
This comes after a framework deal last month where the US holds off on slapping 100% tariffs on Chinese imports, and China pauses its export licensing plans that could choke supply chains.
Bessent's confident China will honor the pact, fresh off a Trump-Xi meetup in Korea. He even shut down WSJ rumors about Beijing blocking access for US military-linked firms.
Why it matters: Rare earths power everything from EVs to defense tech. This could ease tensions, stabilize prices, and boost global supply โ a win for tech giants and national security alike! ๐ฅ
What do you think โ peace offering or just a holiday truce? Drop your takes below.
#USChinaDeal #RareEarths #ThanksgivingTrade $BTC $ETH