Prime Minister President Trump and Australian Minister Anthony Alvune signed the Minerals Deal Monday Monday for the mining and processing of Australian land resources.
It was a move aimed at China – which has recently moved to chase the world’s mineral exports – and is set to be just the first demonstration of the relationship between Trump and China’s Favorites in the coming days.
“We’re going to be doing a little tour,” Trump said Thursday at the White House. “I will be in Malaysia. I will be in Japan.”
It is an integrated thread of access to the political connection that – far from the danger – comes as the expectation grows the meeting between Trump and China Moderiang Xi Jinping has been set next week in South Korea.
An unusual agreement: The Prime Minister of President Trump and the Minister of Australia Anthony Albonese have an agreement signed on rare earth and critical minerals during a meeting in the Cabinet room on Monday. (Reuters/Kevin Lamarque) ยทReuters / Reuters
Trump in recent days has written a list of tricky issues on the table between the US and China. Those include the desire for increased soybean imports in the US, the crackdown on fentanyl, the questions surrounding Taiwan, the race for AI Perminance, and, that story of China Reminance, and, again, that recent story of China will release around the world.
“I don’t want them to play the Rare Earth Game with us,” Trump told reporters as he flew into Washington on Sunday evening.
Trump noted Monday that China may offer threats over a rare global issue. But, he added, his downfall could be triple-digit taxes. He added: “I can threaten them with many other things.
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Trump’s success in reaching these Chinese rivals remains far from certain. That’s because many remain unhappy with Trump’s taxes.
Analysts are also often quick to note that China holds a marked power in itself, starting with its monopoly – 90% of the market, by some estimates – in both mineral mines that contain the key to today’s electronics.
“Even with the explosion of ongoing efforts to renew / the production of the land of OnShore / friendship declined, it is still many years away from satisfaction,” Ehlin Ehrnrooth and Ed Mills of Raymond James noted in a recent analysis.
They added that Chinese access to US semiconductors may be another item on China’s Beest agenda.
Until then, Trump’s visit to China’s neighbors is set for the coming days.
This weekend, the President is scheduled to travel to Malaysia to convene the Association of Southeast Asian Nations (ASEAN). This integration of 10 countries in Southeast Asia is often promoted as an economic alignment with China.
It is a stop that will also see Treasury Secretary Scott meeting directly with his Chinese counterparts in Malaysia. This will continue to set the table for the next week’s meeting between the two presidents.
Bessent called the first meeting last week in Washington with the Chinese Premier Premier “Frank and detailed.”
Frank and you have details? Scott Besslent was seen last week at the annual meetings of the IMF and the World Bank, where he met with Chinese officials. (Kay Nietfeld / Photo Alliance via Getty Images) ยทImage courtesy of Getty Images
Also on the President’s trip is Japan, and the Asia-Pacific Economic Conference (APEC) in Gyeongju, South Korea.
That last rally is scheduled to run throughout next week and will be attended by both President Trump and the XI – where they are scheduled to meet in the pits.
Trump’s visit is one of many political efforts to set the agenda for next week’s summit. China has its ongoing political efforts, with the 20th Central Committee of the Communist Party of China holding a plenary session in Beijing this week.
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It remains to be seen the extent of the agreement with Australia – which promises to provide at least $ 1 billion in funding and increase cooperation starting next year in the next efforts in the future sectors where China continues.
“It’s all about risk-taking,” Senior Economic Adviser Kvin Hassett told reporters at Monday’s meeting. “In Australia in fact, it should really be helpful in trying to take over the global economy and make it dangerous, a little bit exposed to the kind of land tenure that rarely marks us from the Chinese.”
“Very exciting” “President Trump and Chinese President Xi Jinping will meet next week. (Brenda Smialowski / AFP via Getty Images) ยทBrendan smialowski via Getty Images
Trump has repeatedly spoken of his relationship with President XI. He suggested that the meeting could lead to a new agreement from a broader perspective – not only to avoid escalation, but to improve relations.
“It’s going to be a lot of fun,” Trump said Monday of the meeting, adding, “I think we’re going to do something good for both of these countries,” just as he returned to the 100% tax refund he promised to implement on November 1.
It’s the latest in a series of comments that cheered the markets – for now. But the upbeat talk has led some analysts to warn that tensions between the world’s two largest economies could soon flare.
“It’s more than willing to do the short-term pain for the long-term gain for both,” Terry Haines of Pangea Policy wrote to clients this week. He added that recent comments from Trump that unsustainable tariffs could mean the end of other levels.
The Administration’s view is that “higher prices are ‘unsafe’ * for China *,” Haines wrote, adding that “tariffs are often left unapproved.”
Ben Werschkul is a Washington finance writer for Yahoo.
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