China shrugs off US-Aus mineral deal

發佈日期: 2025-10-21 20:50
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The US President and Australian Prime Minister signed a massive mineral deal as Donald Trump puts more pressure on China for imposing tougher export rules on rare earths.

In Washington, the two leaders described the eight and half billion US dollar deal as "next level" but it came after a tricky time between the two allies at the start of Trump's term.

Much media as Trump says he's doing a big deal with a big friendly country on crucial rare earth minerals.

"We are discussing critical minerals and rare earths and we are signing an agreement that has been negotiated over a period of over four or five months. 

"And it was sort of good timing that we got it done just in time for the visit. And we worked together very much on rare earths, critical minerals and lots of other things. We've had a very good relationship. We've been working on that for quite a while,Trump said"

A previous trade US-Australia trade agreement was wrecked.

Prime Minister Anthony Albanese had said Trump's actions were"not that of a friend." 

After arriving in America, he struck an alternate tone: "We are great friends and we are great allies and this is a relationship that has been forged in the battlefields of the world. We have stood side by side for freedom and democracy", Albanese went on to say he "loves America and I think Americans kinda like Australia, too."

It was time to sign an eight and half billion US dollar deal in rich rare earth resources on what Albanese called a "significant day."

It comes after Trump threatened China with huge new tariffs last week as Beijing implements new requirements for foreign companies to get approval from the central government to export magnets containing even trace amounts of the much sought-after materials.

Trump says he wouldn't play "the rare earth game with China."

And China has had its to say.  "The formation of global industrial and supply chains is the result of market forces and corporate choices. Countries with key mineral resources should play a positive role in ensuring the security and stability of industrial and supply chains and maintaining normal economic and trade cooperation," said Guo Jiakun, a Foreign MInistry Spokesperson, when asked about the US-Australia deal inked hours earlier

Guo added he had no "new information to add" when Trump says he'll come to China "early next year",

Trump expects "a great deal for both countries" when he meets with President Xi Jinping  at the APEC summit in South Korea next month.

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