Xi Jinping

Expert Voices

Xi's latest leverage: U.S. imports of Chinese rare-earth elements

construction equipment behind a mound of soil
Soil containing various rare earths in Lianyungang, China. Photo: STR/AFP/Getty Images

Five days after Trump moved to cut off American components to Chinese telecoms giant Huawei, President Xi Jinping responded with a subtle threat to strangle America’s supplies of rare earths — the natural elements used in everything from computers to satellites.

The big picture: Xi’s threat demonstrates how the rivalry between a rising China and a ruling U.S. spreads from trade to technology to supply chains, touching every aspect of bilateral relations. The conflict risks massive spillover costs to the global economy.

Trump says he will meet Putin and Xi at G20 summit

Trump
Photo: Chip Somodevilla/Getty Images

President Trump told reporters Monday that he will meet with Russian President Vladimir Putin and Chinese President Xi Jinping at the G20 Summit on June 28 and 29 in Osaka, Japan.

Why it matters: This will be the first time Trump will meet with Putin since the release of the Mueller report, and the first time he'll meet with Xi since U.S.-China trade talks collapsed, resulting in increased tariffs on $200 billion worth of Chinese goods and threats of retaliation. Trump also told reporters that he hasn't yet decided whether to go forward with new tariffs on $325 billion of Chinese goods, as he has previously threatened.

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