Rare earths soften Trump tone ahead of Xi summit

President Trump is taking a less combative approach ahead of his meeting with Chinese President Xi Jinping. China's dominance in critical rare earth minerals has limited Washington from using coercive tariff threats.

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FILE PHOTO: The flag of China is placed next to the elements of Gallium and Germanium on a periodic table, in this illustration picture taken on July 6, 2023. REUTERS/Florence Lo/Illustration/File Photo

United States President Donald Trump has adopted a restrained stance ahead of his meeting with China President Xi Jinping, avoiding aggressive tariffs due to Beijing's dominance in critical minerals. The shift marks a stark contrast to previous summits, where threats of steep trade penalties dominated negotiations. The uneasy truce highlights Washington's vulnerability in the ongoing tech war.

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