Rare earths friction threatens to stall trade truce extension ahead of Xi-Trump summit

With the clock counting down to Chinese President Xi Jinping’s arrival in Washington for a state visit, the US and China continue to wrangle over extending the 2025 Busan trade agreement – even as they report progress on implementing a narrow tariff-reduced trade mechanism. US Trade Representative Jamieson Greer on Monday blamed China for creating “uncertainty” over the pact’s extension, saying Beijing was still holding out on supplying enough strategic mineral exports to the United...