The treaty comes shortly after China restricted exports of rare earths and chip-making equipment in response to Trump\u2019s tariffs<\/p>\n
The US and Japan signed a\u00a0cooperation agreement on the production and supply of critical and rare-earth minerals on Tuesday. The move follows a decision by China to tighten export controls on rare earths and chip-making equipment in response to US President Donald Trump\u2019s\u00a0tariffs.
\nThe deal was reached during Trump\u2019s trip to Tokyo, where he met with Japan\u2019s new prime minister, Sanae Takaichi,\u00a0for the first time.
\nAccording to the White House, the two sides agreed to boost joint projects that are\u00a0\u201cnecessary to support domestic industries, including advanced technologies and their respective industrial bases,\u201d and to use \u201ceconomic policy tools and coordinated investment to accelerate the development of diversified, liquid, and fair markets for critical minerals and rare earths.\u201d
\nThe leaders also signed a document instructing their governments to \u201ctake further steps for a new golden age of the ever-growing US-Japan alliance.\u201d<\/p>\n
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Trump hailed Japan as an \u201cally at the strongest level,\u201d describing Takaichi, who took office last week, as \u201cone of the greatest prime ministers.\u201d Takaichi, in turn, vowed to strengthen bilateral ties, which she praised as \u201cthe greatest alliance in the world.\u201d
\nTrump has long expressed interest in securing access to rare-earth minerals in various parts of the world, seeking both lucrative economic opportunities and greater geopolitical leverage.
\nEarlier this year, the US signed a minerals deal with Ukraine, which American diplomats and politicians described as a form of security guarantee for Kiev. Trump also signed an investment agreement with Australia earlier this month aimed at countering China\u2019s dominance in the rare-earth and critical minerals market.<\/p>\n","protected":false},"excerpt":{"rendered":"
The treaty comes shortly after China restricted exports of rare earths and chip-making equipment in response to Trump\u2019s tariffs The US and Japan signed a\u00a0cooperation agreement on the production and…<\/p>\n","protected":false},"author":1,"featured_media":21317,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-21316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t