Trump said Ukrainian President Volodymyr Zelenskyy will come to Washington on Friday to sign an agreement on rare earth minerals and other topics.

earths and critical minerals, especially in Africa.

The deal will involve rare earth minerals and other natural resources such as oil and natural gas that will also aim at helping Ukraine rebuild its economy following the three-year conflict since Russia’s invasion on Feb. 24, 2022.

China is facing an Aug. 12 deadline to reach a durable tariff agreement with the Trump administration, after Beijing and Washington reached preliminary deals in May and June to end weeks of escalating tit-for-tat tariffs and a cut-off of rare earth minerals

China employed such tactics in April when its Ministry of Commerce added seven rare earth minerals to its export control list. The move came amid U.S.–China trade tensions.

That 2012 report claims that Xi's family owned $376 million in assets, an 18 percent stake in a rare earth minerals company worth $1.73 billion, and a $20.2 million holding in a publicly traded tech company.

The rare mineral deal fell apart following the Oval Office blowup.

Beijing tightened its export controls on rare earth minerals on Oct. 9, mandating licenses for products exceeding a 0.1 percent content threshold.

Even now, communist China—a self-declared enemy of the United States—has banned exporting rare earth minerals to the United States as retaliation for basic policy decisions.

Australia’s ambassador to the U.S. and former prime minister, Kevin Rudd, also took part in the meeting, during which the two sides discussed trade, tariffs, and Australia's critical minerals and rare earth minerals.

In the days after, Zelenskyy said he regretted how the meeting unfolded and said he was willing to return to negotiations over a rare earth minerals deal in exchange for continued U.S. military aid.

He said Greenlanders were interested in mining rare earths and precious metals. U.S. Energy Secretary Chris Wright and others have drawn attention to the logistical challenges of extracting minerals in such a cold, remote location.

minerals, which are critical for modern technology.

Trump said after the exchange that the issues concerning the supply of the critical rare earth minerals have been resolved.

, including rare earth minerals.”

China has a stranglehold on rare earths and critical minerals, controlling at least 85 percent of the refining of the 20 most important rare earth minerals, Burgum says.

Ukraine has reportedly rejected a bid by the Trump administration to own 50 percent of the country’s rare earth minerals. Trump accused Zelenskyy of breaking the deal, ramping up his criticism during a press gaggle on Air Force One on Feb. 19.

President Donald Trump also recently said the United States would end its reliance on China for rare earth minerals within 18 months under an “emergency program.”

That 2 million tons of coal, once processed, will yield an estimated 1,242 tons of critical minerals and rare earths per year.

Trump said after the meeting that the issue of China tightly controlling rare earth minerals exports had been settled, while his fentanyl-related tariffs would be halved.

According to MP Materials and DOD officials, the multibillion-dollar investment package and long-term commitments will enable the Las Vegas-based rare earths miner to build a second comprehensive, end-to-end domestic magnet manufacturing plant, called

The mining of toxic and rare earth minerals for wind turbines and solar panels is enormously and uniquely harmful to water and soil health.

Zelenskyy had been meeting with Trump and other American officials including Vice President JD Vance in the White House on Feb. 28 to sign an agreement to allow the United States access to Ukraine's rare earth minerals in return for American support.

Bessent accused the Chinese regime of initiating "a substantial unprovoked escalation" last week by imposing sweeping export controls on rare earth minerals.

In July, the Department of War, formerly the Department of Defense, purchased a 15 percent equity stake in rare earth miner MP Materials. The stock has rocketed by almost 350 percent this year.

The National Defense Strategy commits to guaranteeing U.S. military and commercial access to Greenland to prevent China from securing control over Arctic shipping routes, strategic basing opportunities, or rare-earth mineral deposits that would undermine

China has responded to Trump's tariffs by imposing 125 percent levies on U.S. imports and placing export restrictions on rare-earth minerals that are used to make weapons, electronics, and a range of consumer goods, among other measures it has pursued

She said the work on critical minerals and rare earths has clearly been done by Kevin Rudd personally.

This was followed by President Donald Trump announcing an additional 100 percent tariff on the world’s second-largest economy, citing its hostility as demonstrated in its new policy tightening control on exports of rare earth minerals.

On the same day, Ukraine’s economy minister, Yulia Svyrydenko, signed a memorandum of intent with the United States, paving the way for a rare earths mineral agreement to be finalized this week.