President Donald Trump has threatened economic retaliation against China over its export controls on critical rare earths. He criticized Chinese leader Xi Jinping on social media, saying he no longer sees a reason to meet with Xi later this year.

President Donald Trump announced that China will ease access for American industries to critical rare earth minerals, paving the way for renewed trade talks between the two nations. In exchange, the U.S. will stop efforts to revoke visas of Chinese nationals studying at American colleges, signaling mutual concessions amid ongoing trade tensions.