U.S. Treasury Secretary Scott Bessent (L) and Trade Representative Jamieson Greer speak to reporters after trade talks between the United States and China, in Stockholm, Sweden, on July 29, 2025. Magnus Lejhall/TT News Agency/AFP via Getty Images
WASHINGTON—President Donald Trump has secured trade wins in recent weeks, striking deals with several significant trading partners. But one critical fight remains unresolved: China.
While Trump touts his latest agreements and says that tariffs are “making America great and rich again,” negotiations with Beijing appear to be progressing slowly, particularly over China’s shipment of rare-earth minerals and magnets vital to U.S. defense and high-tech industries.
