Fact Sheet: President Donald J. Trump Strikes Deal on Economic and Trade Relations with China

REBALANCING TRADE WITH CHINA: This week in the Republic of Korea, President Donald J. Trump reached a trade and economic deal with President Xi Jinping of China—a massive victory that safeguards U.S. economic strength and national security while putting American workers, farmers, and families first. This historic agreement includes Chinese commitments to: Halt the flow

China ‘Made a Real Mistake’ With Rare Earth Threats: Bessent

Treasury Secretary Scott Bessent speaks on the sidelines of the IMF/World Bank annual meetings, in Washington, on Oct. 15, 2025. Brendan Smialowski/AFP Treasury Secretary Scott Bessent said China “made a real mistake” by threatening to restrict exports of rare earth minerals, adding that Beijing’s move has jolted the United States and its allies to fast-track