Global Economy – One America News Network

TO GO WITH China-Japan-technology-commodities FOCUS by D'Arcy Doran In a picture taken on September 5, 2010 a man driving a front loader shifts soil containing rare earth minerals to be loaded at a port in Lianyungang, east China's Jiangsu province, for export to Japan. China's restrictions on exports of rare earths are aimed at maximising profit, strengthening its homegrown high-tech companies and forcing other nations to help sustain global supply, experts say. China last year produced 97 percent of the global supply of rare earths -- a group of 17 elements used in high-tech products ranging from flat-screen televisions to iPods to hybrid cars -- but is home to just a third of reserves. CHINA OUT AFP PHOTO (Photo credit should read STR/AFP via Getty Images)

China restricts rare earth exports as Trump vows strong response, reigniting trade tensions

President Donald Trump suggested that he may cancel his upcoming meeting with Chinese President Xi Jinping, after Xi sent what Trump described as “hostile” letters indicating China’s plans to restrict exports of rare earth minerals.

WASHINGTON, DC - JUNE 15: U.S. President Donald Trump stops and talks to the media before he boards Marine One on the South Lawn at the White House on June 15, 2025 in Washington, DC. The President will attend the annual meeting of the Group of 7 nations, Britain, Canada, France, Germany, Italy, Japan and the United States are taking place in the Canadian Rocky Mountains in Alberta, and will run until late Tuesday. (Photo by Tasos Katopodis/Getty Images)

Trump announces 30% tariffs for EU and Mexico starting Aug. 1

President Donald Trump has announced that a 30% tariff will be applied to imports from both Mexico and the European Union beginning August 1st.

Signage is seen at the New York Stock Exchange (NYSE) in Manhattan, New York City

Big investors say US markets rally could prove short-lived

The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a turning point, according to big money managers.

(Photo by Eduardo Munoz-Pool/Getty Images)

Biden Urges Global Unity In Supporting Ukraine At U.N. Assembly

On Tuesday, President Joe Biden took to the stage at the United Nations (UN) General Assembly to condemn “Russian aggression” and to emphasize the importance of global unity in coming to Ukraine’s defense.