US-China trade truce leaves military-use rare earth issue unresolved, sources say

US-China trade truce leaves military-use rare earth issue unresolved, sources say
Chinese President Xi Jinping waves to spectators as he leaves after a military parade in Moscow, Russia. (Reuters)
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Updated 15 June 2025
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US-China trade truce leaves military-use rare earth issue unresolved, sources say

US-China trade truce leaves military-use rare earth issue unresolved, sources say
  • China dominates global production of rare earths and holds a virtual monopoly on refining and processing

BEIJING/SINGAPORE: The renewed US-China trade truce struck in London left a key area of export restrictions tied to national security untouched, an unresolved conflict that threatens a more comprehensive deal, two people briefed on detailed outcomes of the talks told Reuters.
Beijing has not committed to grant export clearance for some specialized rare-earth magnets that US military suppliers need for fighter jets and missile systems, the people said. The United States maintains export curbs on China’s purchases of advanced artificial intelligence chips out of concern that they also have military applications.
At talks in London last week, China’s negotiators appeared to link progress in lifting export controls on military-use rare earth magnets with the longstanding US curbs on exports of the most advanced AI chips to China. That marked a new twist in trade talks that began with opioid trafficking, tariff rates and China’s trade surplus, but have since shifted to focus on export controls.
In addition, US officials also signalled they are looking to extend existing tariffs on China for a further 90 days beyond the August 10 deadline agreed in Geneva last month, both sources said, suggesting a more permanent trade deal between the world’s two largest economies is unlikely before then.
The two people who spoke to Reuters about the London talks requested not to be named because both sides have tightly controlled disclosure. The White House, State Department and Department of Commerce did not immediately respond to requests for comment. China’s Foreign and Commerce ministries did not respond to faxed requests for comment.
President Donald Trump said on Wednesday the handshake deal reached in London between American and Chinese negotiators was a “great deal,” adding, “we have everything we need, and we’re going to do very well with it. And hopefully they are too.”
And US Treasury Secretary Scott Bessent said there would be no “quid pro quo” on easing curbs on exports of AI chips to China in exchange for access to rare earths.

CHINA CHOKEHOLD
But China’s chokehold on the rare earth magnets needed for weapons systems remains a potential flashpoint.
China dominates global production of rare earths and holds a virtual monopoly on refining and processing.
A deal reached in Geneva last month to reduce bilateral tariffs from crushing triple-digit levels had faltered over Beijing’s restrictions on critical minerals exports that took shape in April.
That prompted the Trump administration to respond with export controls preventing shipments of semiconductor design software, jet engines for Chinese-made planes and other goods to China.
At the London talks, China promised to fast-track approval of rare-earth export applications from non-military US manufacturers out of the tens of thousands currently pending, one of the sources said. Those licenses will have a six-month term. Beijing also offered to set up a “green channel” for expediting license approvals from trusted US companies.
Initial signals were positive, with Chinese rare-earths magnet producer JL MAG Rare-Earth, saying on Wednesday it had obtained export licenses that included the United States, while China’s Commerce Ministry confirmed it had approved some “compliant applications” for export licenses.
But China has not budged on specialized rare earths, including samarium, which are needed for military applications and are outside the fast-track agreed in London, the two people said. Automakers and other manufacturers largely need other rare earth magnets, including dysprosium and terbium.
BIG ISSUES REMAIN
The rushed trade meeting in London followed a call last week between Trump and Chinese leader Xi Jinping. Trump said US tariffs would be set at 55 percent for China, while China had agreed to 10 percent from the United States.
Trump initially imposed tariffs on China as punishment for its massive trade surplus to the United States and over what he says is Beijing’s failure to stem the flow of the powerful opioid fentanyl into the US
Chinese analysts are pessimistic about the likelihood of further breakthroughs before the August 10 deadline agreed in Geneva.
“Temporary mutual accommodation of some concerns is possible but the fundamental issue of the trade imbalance cannot be resolved within this timeframe, and possibly during Trump’s remaining term,” said Liu Weidong, a US-China expert at the Institute of American Studies, Chinese Academy of Social Sciences.
An extension of the August deadline could allow the Trump administration more time to establish an alternative legal claim for setting higher tariffs on China under the Section 301 authority of the USTR in case Trump loses the ongoing legal challenge to the tariffs in US court, one of the people with knowledge of the London talks said.
The unresolved issues underscore the difficulty the Trump administration faces in pushing its trade agenda with China because of Beijing’s control of rare earths and its willingness to use that as leverage with Washington, said Ryan Hass, director of the John L. Thornton China Center at the Brookings Institution.
“It has taken the Trump team a few punches in the nose to recognize that they will no longer be able to secure another trade agreement with China that disproportionately addresses Trump’s priorities,” Hass said.


French deal on New Caledonia ‘state’ hits early criticism

French deal on New Caledonia ‘state’ hits early criticism
Updated 11 sec ago
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French deal on New Caledonia ‘state’ hits early criticism

French deal on New Caledonia ‘state’ hits early criticism

NOUMEA: An accord between France and New Caledonia, creating a state within a state and hailed by President Emmanuel Macron as “historic,” hit immediate fierce criticism in the Pacific territory on Sunday.

Following deadly protests that rocked New Caledonia last year, Macron called for talks to break a deadlock between forces loyal to France and those seeking independence.

After 10 days of negotiations near Paris, French officials and a delegation of 18 New Caledonian pro-independence and anti-independence representatives reached agreement on Saturday to create a “State of New Caledonia” within the French Republic.

The text, which still requires French parliamentary approval and to pass a referendum in the territory, provides for the creation of a Caledonian nationality and the sharing of powers. But it won few supporters in the archipelago.

The signatories of the draft agreement admitted during a meeting with Macron on Saturday evening that they were struggling to win over opponents of the deal that will be submitted to a referendum in February 2026.

Joel Kasarerhou, president of civil society group Construire Autrement, called the agreement “stillborn,” describing it as a “poor” replica of previous agreements and “lacking ambition and vision.”

Kasarerhou said the youth at the heart of the May 2024 uprising had been “forgotten or barely mentioned.” He feared another “May 13” — the date the 2024 riots began.

Home to around 270,000 people and located nearly 17,000 kilometers from Paris, New Caledonia is one of several overseas territories that remain an integral part of France.

It has been ruled from Paris since the 1800s, but many indigenous Kanaks resent France’s power over the islands and want more autonomy or independence.


France’s Macron announces plan to accelerate military spending

France’s Macron announces plan to accelerate military spending
Updated 41 sec ago
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France’s Macron announces plan to accelerate military spending

France’s Macron announces plan to accelerate military spending
  • The French president pledged to double the military budget by 2027 in response to a complex geopolitical moment

PARIS: President Emmanuel Macron on Sunday announced a plan to push forward France’s defense spending, pledging to double the military budget by 2027 — three years earlier than originally planned — in response to a complex geopolitical moment.
France had aimed to double its defense budget from 2017 levels by 2030. However, Macron pledged to reach the target by 2027. A military budget that stood at 32 billion euros ($37.40 billion) in 2017 will rise to 64 billion euros by 2027, with an additional 3.5 billion euros allocated for next year and another 3 billion euros in 2027.
He said the accelerated spending, which comes as France is struggling to make 40 billion euros in savings in its 2026 budget, would be paid for by increased economic activity.
“Our military independence is inseparable from our financial independence,” he said. “This will be financed through more activity and more production.”
He said Prime Minister Francois Bayrou would provide more details in an address on his plans for the 2026 budget on Tuesday. Bayrou is facing an uphill battle to steer billions of euros worth of savings through a bitterly divided parliament, as France strives to lower its budget deficit to keep EU bean-counters and foreign investors at bay.


Nigeria’s former President Muhammadu Buhari dies in London

Former Nigerian president Muhammadu Buhari has died. (File/AFP)
Former Nigerian president Muhammadu Buhari has died. (File/AFP)
Updated 13 July 2025
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Nigeria’s former President Muhammadu Buhari dies in London

Former Nigerian president Muhammadu Buhari has died. (File/AFP)
  • Buhari, 82, who first led the country as a military ruler after a coup in the 1980s, earned a devoted following for his brand of anti-corruption conviction politics

LAGOS: Nigeria’s former President Muhammadu Buhari, who led Africa’s most populous country from 2015-23 and was the first Nigerian president to oust an incumbent through the ballot box, died in London on Sunday, a presidential spokesperson said.
“President Buhari died today in London at about 4:30 p.m. (1530 GMT), following a prolonged illness,” President Bola Tinubu’s spokesperson said in a post on X.
Buhari, 82, who first led the country as a military ruler after a coup in the 1980s, earned a devoted following for his brand of anti-corruption conviction politics.
He referred to himself as a “converted democrat” and swapped his military uniform for kaftans and prayer caps.
“I belong to everybody and I belong to nobody,” was a constant refrain Buhari told supporters and critics alike.
Buhari defeated Goodluck Jonathan in 2015 in what was judged to be Nigeria’s fairest election to date. Many hoped the retired major general would crack down on armed groups, just as he had as the country’s military head of state.
Instead, violence that had mostly been confined to the northeast spread. That left swathes of Nigeria outside the control of its stretched security forces as gunmen in the northwest, armed separatists and gangs in the southeast roamed unchecked.
Much of his appeal lay in the anti-corruption ethos that was a central plank of his agenda both as a military and civilian ruler. He said endemic corruption in Nigeria’s political culture was holding people back.
“Baba Go Slow”
But Buhari quickly disappointed after his 2015 win.
He took six months to name his cabinet. During that time, the oil-dependent economy was hobbled by low crude prices, prompting people to call him “Baba Go Slow.”
His second victory in 2019 came despite his first term being blighted by Nigeria’s first recession in a generation, militant attacks on oilfields, and repeated hospital stays.
Born on December 17, 1942, in Daura in the northwestern state of Katsina state, Buhari enrolled in the army at 19. He would eventually rise to the rank of major-general.
He seized power in 1983 as a military ruler, promising to revitalize a mismanaged country. Buhari took a tough line on everything from the conditions sought by the International Monetary Fund to unruliness in bus queues.
In 1984, his administration attempted to kidnap a former minister and vocal critic living in Britain. The plot failed when London airport officials opened the crate containing the abducted politician.
His first stint in power was short-lived. He was removed after only 18 months by another military officer, Ibrahim Babangida.
Buhari spent much of the following 30 years in fringe political parties and trying to run for president until his eventual victory over Jonathan in 2015.


’Inexcusable’ failures led to Trump assassination attempt: Senate report

’Inexcusable’ failures led to Trump assassination attempt: Senate report
Updated 13 July 2025
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’Inexcusable’ failures led to Trump assassination attempt: Senate report

’Inexcusable’ failures led to Trump assassination attempt: Senate report
  • A congressional inquiry accused the Secret Service of ‘a cascade of preventable failures that nearly cost President Trump his life’
  • Six unidentified Secret Service staff have been disciplined with punishments range from 10 to 42 days’ suspension without pay

WASHINGTON: A congressional inquiry into the attempt to assassinate US President Donald Trump at a campaign rally a year ago on Sunday lamented “inexcusable” failures in the Secret Service’s operations and response, and called for more serious disciplinary action.
On July 13, 2024, a gunman shot the then-Republican presidential candidate during a campaign rally in Butler, Pennsylvania, grazing his ear.
One bystander was killed and two other people in addition to Trump were wounded before a government sniper killed the gunman, 20-year-old Thomas Crooks.
“What happened was inexcusable and the consequences imposed for the failures so far do not reflect the severity of the situation,” said the report released by the US Senate Homeland Security and Governmental Affairs Committee.
The dramatic incident energized Trump’s bid to return to the White House, with his campaign using a photo of him bloodied and pumping his fist as he was hurried offstage to woo voters.
The report did not shed new light on the gunman’s motive, which still remains a mystery, but accused the Secret Service of “a cascade of preventable failures that nearly cost President Trump his life.”
“The United States Secret Service failed to act on credible intelligence, failed to coordinate with local law enforcement,” said the committee’s Republican chairman Rand Paul.
“Despite those failures, no one has been fired,” he added.
“It was a complete breakdown of security at every level-fueled by bureaucratic indifference, a lack of clear protocols, and a shocking refusal to act on direct threats.
“We must hold individuals accountable and ensure reforms are fully implemented so this never happens again.”
Staff disciplined
The Secret Service cited communication, technical and human errors and said reforms were underway, including on coordination between different law enforcement bodies and establishment of a division dedicated to aerial surveillance.
Six unidentified staff have been disciplined, according to the agency. The punishments range from 10 to 42 days’ suspension without pay, and all six were put into restricted or non-operational positions.
Reflecting on the assassination attempt earlier this week, Trump said “mistakes were made” but that he was satisfied with the investigation.
In an interview with his daughter-in-law on Fox News’ “My View with Lara Trump,” Trump said the sniper “was able to get him from a long distance with one shot. If he didn’t do that, you would have had an even worse situation.”
“It was unforgettable,” Trump said of the events.
“I didn’t know exactly what was going on. I got whacked. There’s no question about that. And fortunately, I got down quickly. People were screaming.”


Russia’s Lavrov visits Beijing to discuss Ukraine

Russia’s Lavrov visits Beijing to discuss Ukraine
Updated 13 July 2025
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Russia’s Lavrov visits Beijing to discuss Ukraine

Russia’s Lavrov visits Beijing to discuss Ukraine
  • Russia’s top diplomat arrived in China following a visit to North Korea
  • China claims to be neutral in the conflict between Russia and Ukraine

MOSCOW: Russian Foreign Minister Sergei Lavrov met Sunday in Beijing with his Chinese counterpart to discuss Ukraine and relations with the United States.
Russia’s top diplomat arrived in China following a visit to North Korea, where he received assurances of support in its conflict with Ukraine.
Lavrov and Wang Yi “discussed relations with the United States and the outlook for settling the Ukrainian crisis,” Russia’s foreign ministry said in a statement.
China, a diplomatic and economic ally of Moscow, claims to be neutral in the conflict between Russia and Ukraine.
But it has never denounced Russia’s 2022 invasion nor called for it to withdraw its troops, and many of Ukraine’s allies believe that China has provided support for Russia.
Beijing regularly calls for an end to the fighting, while also accusing Western countries of prolonging the conflict by arming Ukraine.
The statement from the Russian foreign ministry said Levrov and Yi also discussed other “burning issues” such as the war in Gaza and the “situation on the Korean peninsula.”