Public sentiment is largely negative towards the US-China trade deal concerning rare earth elements, marked by skepticism and frustration regarding high tariffs that are perceived to favor China over the US. Many commenters believe the agreement will not provide meaningful benefits, leading to increased prices for American consumers and heightened economic concerns. There is a strong mistrust of both the negotiations and the long-term strategy, with calls for reduced dependence on China for critical materials.

United States

China

I keep reading about all these Rare Earth Minerals and Lithium deposits being discovered all across US terriroty.

Is the issue just dont have the infastrucutre in place at this time to extract it?

Leather_Bag5939

Is this another way saying they hold all the cards?

SnooCakes3068

Substantial_Lake5957

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Not just the US, China was willing to cut off rare earth exports to the entire world if the US didn't step down from its ridiculous tariff policy. A ballsy gamble but one that paid off in the end.

Chipay

Ah, the MAGAstans are out in force posting stories to try to convince us that their orange overlord is actually winning, rather than inflicting devastating, unnecessary, long term harm on the US and world economies.

No-Turnip2494

This just gives China and easy to exploit tool and keeps the U.S. on a leash. 

Which tbf it probably needs to be on one, given what we’ve inflicted on ourselves.

No_Talk_4836

Cool...cool

So we are back to the status quo of 2 months ago for absolutely nothing gained and a lot lost?

What a tremendous "victory" for trump and the maga goons

I frequently use this tactic in my own small business, i run around to my clients and vendors and repeatedly punch myself in the balls and demand concessions from all of them or else i will continue punching myself in the balls..."See how much im hurting me!! If you want this to stop you better do what i say!" I scream, And then they do nothing and i just go back to charging and buying things at my regular price from before the ball punching started....Forbes is going to do a full 9 page interview with me about my "Punch myself in the balls for nothing" method of negotiating. Its going to catch on, word on the street is that Wharton is going to give me an honorary degree

What the fuck was the point of all this shit

padizzledonk

If anything this should be the kick in the ass the US needs to start developing our rare earth deposits ( which by some estimates are enormous) so that if and when China decides to turn off the tap again we can tell them to go pound sand .

rtrawitzki

[deleted]

Like I said money talks bullshit walk.  China loves money and bar none they are the hardest working people on the world .  Worth every penny .  

All the technocrats at Trump inauguration are crip walking right now.  Well done Mr Orange Man,  you mofo strong arm them and made them bend over too. Lol

Whoop! whoop!

Naive-Illustrator-11

&gt;accounting for about 70 percent of the world’s supply at the moment.

\*account***ed***

D_Ethan_Bones

&gt; China supplies roughly 60 percent of the raw minerals, but controls almost 90 percent of processing and refining capacity.

So how long will it take for domestic processing/refining to ramp up?

ChiefStrongbones

I mean this just proves why we need to source our own resources when we get something vital from another nation the tap can be turned off at any point

S34B4SS

The argument should never be that we need to maintain our dependence on China, for anything.

According-Activity87

K. Time to start producing rare earth metals again

25nameslater

For the environmental loons;

China doesn’t give a fuck about the environment, so the more they mine and drill, the more damage they do to the environment.

We can trust ourselves to at least do a marginally better job at protecting the environment when mining and drilling, so long story short, producing this shit ourselves instead of boosting China’s workload is a net positive for the environment.

In other words… let’s make this stupid simple and put it in video game terms. If one day of lithium mining in China does 100 damage to the environment, but one day of lithium mining in the US only does 30 damage to the environment…

Where would you rather source your lithium from?

Left4DayZGone

Weaning ourselves off of China will be short term pain for massive long term gain

ShillinTheVillain

We have a huge lithium deposit in Maine that the eco Nazis refuse to allow to be extracted. Maybe this will force a change.

WoodEyeLie2U

Erotic-Career-7342

spezeditedcomments

We should not be doing mass trade with china just because they literally use slave labor.  No one ever said weening ourselves off the tit of a ruthless regime who commits serious atrocities.

Hulluck22

DRKMSTR

Nixon should have never went to China, we should've  always been aware that they were going to pose a threat. We should have done everything to keep them down instead of reaching out to help them. Our return? They've connived and stolen everything America has developed or invented. We've educated their youth, for what? To screw us, almost universally our politicians are so dumb that they've enabled a communist country to challenge us and here we are now with the enemy at the gates.

charlestoncav

goldmouthdawg

So the deal is basically the pre-Liberation Day status quo plus 10% reciprocal tariffs from the US and China? I thought a big part of the tariffs were to isolate China for their unfair labor practices (and to bring back jobs), but now we have a deal with China and not with the rest of the world (besides maybe the UK). And all those jobs that the tariffs were going to force companies to open in the US won't materialize since an extra 10% in costs is probably easier to eat than starting a factory in the US. 


We did it, I guess? 

shaymus14

Remember when Chinese students studying in the US were a serious security threat that had to be dealt with?

Guess they're spontaneously not a security threat any longer. They're good now.

__Hello_my_name_is__

This trade war could have been an email. So we have rare earth shipments that we already had prior to liberation day and Chinese students at us school which already was happening. Now we just have higher tariffs? There has to be more here right?  

What even is the strategy here?

Iceraptor17

I got to say, this is mighty convenient timing after Hegseth just announced that we're pulling support from Ukraine again, despite that going against the other mineral deal we just signed.

NativeMasshole

After 2 days of marathon trade talks, Trump says the China-US trade deal is "done" with apparently no major changes to the "temporary truce" declared on May 12 that reduced tariffs from 145% and 125%.

While Trump says the total will be 55%, no new tariffs will be added. The 55% is the sum of the 20% "fentanyl tariff" + 10% "reciprocal tariff" + 25% pre-existing tariffs.

China will keep a 10% baseline tariff on US goods. 

The US will continue to allow Chinese students to study at US schools.

China promises to re-start rare-earth shipments that they curtailed in retaliation to "Liberation Day". While China agreed to resume following the "truce", they have not yet done so. 

Discussion:

* Does this deal have any wins for the US?

* About 2 weeks ago Republicans seemed excited by Marco Rubio announcing the US would revoke the visas of Chinese students studying at US schools. Thoughts on the withdrawal of this threat?

* What do the lack of changes for the UK or China indicate for the remaining countries Trump intends to negotiate with?

mulemoment

I'm still waiting for someone in the admin to clarify what the purpose of the tariffs is. There's been inconsistent and contradictory messaging.


Are they supposed to convince manufacturers to move back to the US? If that happens, the tariffs are permanent, but the tax revenue will disappear as imports decrease. 


Are they supposed to replace income taxes as a new source of funding? If that happens, the tariffs are permanent, and the tax revenue needs to continue, so imports must continue. 


Are they merely a negotiating tactic to get better trade deals? If that happens, the tariffs will disappear and the tax revenue will disappear. In that case, companies shouldn't reshore and income taxes need to stay. 


All three can't be the end goal because they directly work against each other. 

UF0_T0FU

I’ll wait for the text of the deal to come out but so far it seems like it’s worse than the status quo that existed before Trump added sanctions. China was already selling rare earth minerals to the U.S. and Chinese students were already studying in the U.S. Now both sides are just paying higher prices to get the same stuff they were getting 6 months ago.

karim12100

The US demanded China stop the importing of Fentanyl.

... China said no.

The Trump administration said: "okay"

So yeah, keep that Fenti train coming!!!

cobra_chicken

&gt; OUR DEAL WITH CHINA IS DONE, SUBJECT TO FINAL APPROVAL WITH PRESIDENT XI AND ME. FULL MAGNETS, AND ANY NECESSARY RARE EARTHS, WILL BE SUPPLIED, UP FRONT, BY CHINA. LIKEWISE, WE WILL PROVIDE TO CHINA WHAT WAS AGREED TO, INCLUDING CHINESE STUDENTS USING OUR COLLEGES AND UNIVERSITIES (WHICH HAS ALWAYS BEEN GOOD WITH ME!). WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%. RELATIONSHIP IS EXCELLENT! THANK YOU FOR YOUR ATTENTION TO THIS MATTER!

[link to post](https://truthsocial.com/@realDonaldTrump/posts/114664632971715644)

Looks like there was a [follow up post](https://truthsocial.com/@realDonaldTrump/posts/114664867178522750):

&gt; Adding to the China readout, President XI and I are going to work closely together to open up China to American Trade. This would be a great WIN for both countries!!!

I'm excited for my up front full magnets.

BartholomewRoberts

I don’t dispute the reason for the initial talks.

However, this negotiation was based on an agreed upon ‘truce’ that China violated.

The result of this deal is that there are higher tariffs on China than there were prior to Trump taking office.

That’s not a good thing based on my personal economic preferences, but  it is a change in status quo that should probably be acknowledged. (This was a reply to another comment and I have no idea how it ended up in it’s own thread.

Adaun

McRibs2024

Do steel and aluminum still get the extra 50% that is going to everyone else too?

carmolio

I’m a Trump supporter, but I don’t understand why he keeps posting that there is a China deal. There is no deal. There was a pause in the trade war, but China never lived up to their end of the bargain and withheld rare Earth minerals. What makes him believe they will live up to the terms of essentially the same trade war pause that was initiated before? He is delusional if he thinks China has any interest in restructuring the trade relationship. He made a “trade deal” with them in the first term and they never lived up to the terms of it. China is essentially stringing Trump along, using his obvious desperation for a “trade deal” against him.

hli84

They keep making this sound like we're getting something new out of this, when in fact they are just renegotiating so that China is willing to sell us those minerals again. They blocked them when the trade war escalated. In other words this is just undoing a problem that Trump created in the first place.

SXOSXO

“WE ARE GETTING A TOTAL OF 55% TARIFFS…”

Orange idiot still thinks China is paying for this. What this means is that everything from China will cost *all of us* at least 60% more.

UnaPachangaLoca

Chinese good still going to be cheaper than American ones and we get to see 50% price increases on nearly every product. This is the worst of both worlds

LibrarianNo6865

Can we be more accurate about this?

&gt;Trump says US gets rare earth minerals from China, and federal taxes on American citizen purchases of Chinese goods will be 55% extra

At least if people are going  to be excited about something they should know what they're getting excited about.

sniffstink1

&gt;What Trump described as a “deal’’ is actually less than that: It’s a “framework’’ meant to set the stage for more substantive talks.

At least that seems more substantial than his "concepts of a plan."

FreddyForshadowing

So 55% is higher than the original.  Thanks Trump lol.  Such a clown

OccidoViper

An absolute moron negotiating for a country. Nothing changes for China. TACO is forcing americans to pay more. LOL. The elections were about americans wanting to pay more for everything. A historical first.

doolpicate

Due_Relationship_494

So Trump took the original trade agreement and made it much worse for America, got it.

wastedgod

He's very excited about a 55% tax on Americans

DauntingPrawn

What a deal TACO has just raised prices on goods from China by 55% in the US.   That means matching goods from US manufacturers will go up 54%.  I really do not see a winner here in America.  Higher prices mean less demand, which trickles down to layoffs and stagnant wages.  Throw in the rising debt from the Big Bad Bill the dollar value decreases.  TACO waved the white flag of surrender with China and claimed victory.

Lott4984

Well less toys for the kids this year thanks Taco

Weird_Rooster_4307

Malachite_Edge

This isn't a deal at all. This is shit. This is simply Trump backing off a little and China backing off a little. But 55% tariffs are still absurd and we are in a far worse position than when we started.

SingularityCentral

OverlyExpressiveLime

Does China know what he says they agreed to?

KehlarTVH

We are getting taxes at 55%? All this "winning" is killing us. 🫠🌮🐔

nerdburg

BennySkateboard

There goes small businesses. They will get eaten alive because they can't eat these and not have people switch to walmart, which will be able to absorb more of it.

800oz_gorilla

The_All-Range_Atomic

He wants Americans to be poor and desperate so that they will do low cost jobs and make people like him wealthier.

manfromfuture

nobodyisfreakinghome

WhereIsMyPancakeMix

Fake news. No way China gives us rare earth minerals and accepts 55% tariffs.

angel090108

I wonder what US gave in order for them to get rare earths? There is very little details.

It for sure wasn't just 'allowing Chinese student visas'

defenestrate_urself

So we are literally tarriffing a product we absolutely need that America can literally not make (rare earth magnets).  Shouldn't a win look more like we are getting them for cheaper than it costs to produce, not paying excessively more?  The tariffs are supposed to onshore jobs, but you can't onshore shit you physically can't make.  At the very least we should be massively investing/subsidizing in alternatives to rare earth magnets like Electrically Excited Synchronous Machines.  

Also the idiots on \_r\_conservative think this is a win....it's embarrassing

DualActiveBridgeLLC

Friendly reminder that rare earth minerals and not rare, they are just horrible for the workers and the land to collect. America wants Chinese "peasants" to bear the cost.

bonerb0ys

Weird how 6 months ago we were getting those rare earth minerals AND we didnt have those tariffs...

DMercenary

Daleaturner

We'll if Trump says it..... And when will this happen? 

Let me guess.....in two weeks.

basketballsteven

Did a little googling.

Prior to the Trump shit show China charged an 84% tariff on just about everything from the US.  And the US charged between 10% and 20% on products from China.

The deal is now China will charge a 55% tariff on all things from the US and the US will now charge a flat 10% on all things from China.  BOTH countries are lowering Biden era tariffs.

So not exactly a stellar win, definitely could have been done without the drama, and definitely not increasing tax receipts as advertised, but not the ass kicking people in this thread are saying either.

MysteriousDatabase68

A significant trade agreement between the US and China regarding rare earth elements aims to stabilize relations amid escalating trade conflicts.

US-China Trade Relations and Rare Earth Elements Deal

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