trump china tariffs trade rare earths.

President Donald Trump has expressed confidence in reaching a “fantastic deal” with Chinese President Xi Jinping. He made the remarks Monday while hosting Australian Prime Minister Anthony Albanese at the White House. Beijing has expanded export controls on rare earth products used in smartphones, fighter jets and much more. While Trump touted his good relationship with Xi and suggested a fair trade agreement is possible, he also mentioned tariffs as a negotiating tool. Meanwhile, Beijing has removed a top trade negotiator from the post as China’s permanent representative to the World Trade Organization.