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The Fox News Rundown

Business Rundown: Confronting China's Rare Earth Minerals Monopoly

The Fox News Rundown

FOX News Radio

Politics, Daily News, News

3.41.5K Ratings

🗓️ 21 April 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

America must confront a new problem in our trade war with China: where to source our rare earth minerals. Just last week Beijing retaliated against the President's tariffs by suspending the export of these minerals to the United States. Fox Business correspondent Gerri Willis speaks with President and CIO of Equinox Partners, Sean Fieler, about what these minerals are, how China has been bulding their rare earth minerals infrastructure for decades, and the need for federal action on mining and mineral deals to overcome our reliance on Beijing. Photo Credit: AP Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I'm making a robot head with an Amazon box.

0:03.0

I've painted it silver and Daddy helped me make it.

0:05.0

At Amazon, we're actually using paper bags for more of our deliveries.

0:09.0

And now I'm making a paper hot air balloon and I even made a little brown basket

0:13.0

and I'm making a dog that looks just like Monty.

0:16.0

Just one of the ways we've reduced the weight of our packaging by more than 40% since 2015,

0:20.0

which is still good for playtime.

0:22.6

Mom, where's the scissors?

0:25.7

To learn more, visit aboutamason.com.com.

0:27.9

UK forward slash sustainability.

0:30.2

I'm Jerry Willis, and this is the Fox Business Rundown.

0:38.5

Monday, April 21st, 2025.

0:42.0

In our trade war with China, America must confront a new problem of where to source our

0:47.2

rare earth minerals after Beijing retaliated last week by suspending the export of these

0:53.2

minerals to the United States.

0:55.1

We do have stockpiles. We don't know exactly how large our stockpiles are, but the Chinese are

1:00.5

obviously using this as a negotiating tool after we put 100 plus percent tariffs on their exports to the United States.

1:08.5

In response to the president's tariffs, China last week slapped export restrictions on

1:13.5

seven rare earth elements and magnets that we use in the U.S. to manufacture high-tech products

1:19.4

like hard drives, jet engines, and computer screens.

1:23.4

Experts suggest these minerals aren't just essential to consumer technology, but to life-saving

1:28.5

medical tools and top-of-the-line defense equipment. President Trump and his Commerce Department

...

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