President Donald Trump and Australian Prime Minister Anthony Albanese signed an agreement at the White House Monday to increase access to critical rare earth minerals, as the U.S. and its allies seek to limit reliance on Chinese goods and increase supply chain resiliency.
The new framework comes as China has sought stricter export controls on critical minerals and rare earth materials, prompting a threat from President Trump of greater tariffs on Chinese goods.
“We can continue to take what is every opportunity to improve the relationship even further and make it even stronger. And today's agreement on critical minerals and rare earths is just taking it to the next level, seizing those opportunities which are before us, to take our relationship to that next level,” Albanese said.
The Wh