Beijing has gained time to build up its own strengths by drawing out negotiations with the United States, using its chokehold over critical minerals.

Trump announces a new U.S.-China trade deal addressing tariffs, rare earths, and student visas—pending approval by both leaders.

China and the US have reached a "done deal" that includes rare earth exports from China and Chinese students attending colleges in the US, President Donald Trump said on Wednesday, pointing to a potential breakthrough aimed at easing trade tensions that were reignited by mutual accusations of deal violations.