China Rare Earth Magnet Exports Jump 8.2% Ahead of Trump-Xi Meeting

FILE – U.S. President Donald Trump, left, shakes hands with Chinese President Xi Jinping during a meeting on the sidelines of the G-20 summit in Osaka, western Japan, June 29, 2019. (AP Photo/Susan Walsh, File) China’s exports of rare earth magnets climbed 8.2% in the first two months of 2026 compared to the same period last year, according to customs data released on Friday. The increase comes just ahead of a highly anticipated meeting between Donald Trump and Xi Jinping, leaders of the world’s two largest economies. Shipments from the world’s leading producer of rare earth magnets—critical for industries ranging…