China’s Rare Earths Grip Gives Xi Leverage in US Trade Duel

WATCH: “I’m sure that I’ll speak to President Xi and hopefully we’ll work that out,” President Donald Trump tells reporters at the White House.Source: Bloomberg

After the US and China agreed in Geneva to lower tariffs from astronomical heights, tensions are now surging over access to chips and rare earths. And Beijing increasingly appears to have an edge.

President Donald Trump on Friday accused China of violating the agreement struck last month, and sought a call with Xi Jinping to sort things out.