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11h ago

U.S. Condemns China’s Rare-Earth Export Curbs, Threatens 100% Tariffs as Trump Pursues Xi Talks

Officials say the rules are not yet in force, leaving room to de-escalate before the leaders meet later this month.

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A sample of monazite, a mineral used in the rare earth industry to extract elements such as cerium, lanthanum, and neodymium, is displayed next to a magnification glass at the Geological Museum of China in Beijing, China, October 14, 2025. REUTERS/Maxim Shemetov
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Overview

  • U.S. Trade Representative Jamieson Greer labeled Beijing’s move a “global supply-chain power grab,” and Treasury Secretary Scott Bessent said the U.S. and allies will neither be commanded nor controlled.
  • President Donald Trump threatened a 100% tariff on Chinese imports if Beijing proceeds, while officials signaled a longer tariff pause is possible if China delays the controls.
  • Bessent said Trump still expects to meet President Xi Jinping in South Korea later this month and that officials from both sides remain in daily contact to arrange the session.
  • China’s expanded regime would require approvals for products with even trace rare-earth content and ban exports for foreign military use; U.S. officials note it has not been implemented, with phased start dates reported.
  • The U.S. is rallying G7 partners and preparing industrial steps — strategic stakes, stockpiles and price floors — while naming Li Chenggang in an August “unleash chaos” warning and planning to show photos linking Chinese parts to Russian drones.