The recent trade truce between the United States and China has brought a crucial element for global technology back to the forefront: complete magnets and rare earths.

In a crucial call on June 5, President Trump and Chinese leader Xi Jinping reignited trade negotiations, focusing on resolving key disputes. Despite global tensions, the leaders avoided discussions on Russia,

On June 5, U.S. President Donald Trump held a phone call with Chinese President Xi Jinping. It marked the first direct conversation between the two leaders since Trump began his second term — and the first since tensions sharply escalated in 2025’s U.S.-China trade war.

Trump "is obsessed with having a call with Xi," according to a news outlet, but China's leader would want assurances, an expert told Newsweek.

In a major development, the United States and China have reached a preliminary trade agreement after prolonged negotiations. U.S. President Donald Trump confirmed the breakthrough in a post on Truth Social dated June 11,

President Trump told reporters this week that he would send letters to trading partners in the next week or two setting unilateral tariff rates. “At a certain point, we’re just going to send letters out.

In the early hours of Wednesday, Donald Trump declared that Xi Jinping was “VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!” Some 36 hours later, the US leader said he got what he wanted: A commitment to restore the flow of rare earth magnets.

It's the first known call between the two leaders since Inauguration Day — and the first time they've spoken since tariffs began ratcheting up.