President Donald Trump announced Wednesday that China will make it easier for American industry to obtain much-needed needed magnets and rare earth minerals, clearing the way for talks to continue between the world’s two biggest economies.

President Donald Trump's eventful week included securing a preliminary trade deal with China, deploying National Guard troops to Los Angeles, and responding to Israel's strikes on Iran.

Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May and could remain muted through the remainder of 2025, after companies responded to President Donald Trump's 145% tariffs on China by canceling or putting holds on shipments,

China has leverage it can use by limiting access to its rare earth supplies, but it does not want to sacrifice its reputation as a reliable supplier.

The government is vigorously promoting them as part of its ambition to develop a “low-altitude economy”. By that it means a proliferation of airborne devices whizzing around at less than 1,000 metres (far lower than ordinary commercial planes),

China on Friday published draft guidance to regulate the export of data generated by cars in the country, providing a potential roadmap for companies such as Tesla that have been keen to do so.

China has deployed both of its aircraft carriers—CNS Liaoning and CNS Shandong —to the east of the first island chain since June 7. Japan's military reported that its patrol aircraft was intercepted by fighter jets launched from the Shandong while conducting surveillance.