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Key Points

  • U.S. President Donald Trump said magnets and “any necessary rare earths” will be supplied up front by China as part of a trade agreement.
  • Tensions escalated after China imposed export restrictions on several rare earth elements and magnets widely used by the automotive and defense sectors.
  • Oil prices popped on the news.

. . .

Key Points >- U.S. President Donald Trump said magnets and “any necessary rare earths” will be supplied up front by China as part of a trade agreement. >- Tensions escalated after China imposed export restrictions on several rare earth elements and magnets widely used by the automotive and defense sectors. >- Oil prices popped on the news. >. . . [Archive](https://archive.today/2qUcD)

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[–] • 3 pts

He added that magnets and “any necessary rare earths” will be supplied up front by China and that the U.S. will in turn make certain concessions such as allowing Chinese students to attend U.S. colleges and universities.

...allowing Chinese students to attend U.S. colleges and universities.

Well that's just fucking stupid.

[–] • 3 pts

Maybe. I'm not at all excited about the idea of 250,000 Chinese spies running around US campuses. Maybe they will be under intense scrutiny this time.