4.8 • 1.7K Ratings
🗓️ 2 July 2025
⏱️ 11 minutes
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Trump finalizes a major trade deal with China, securing rare earth mineral exports vital for U.S. manufacturing. The PBD Podcast breaks down the chessboard of tariffs, leverage with ethane and chips, and what this means for 2026. A huge win for American industry—and Trump’s dealmaker legacy.
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0:00.0 | Trump locks in China trade deal keeping pressure on Beijing, and this is a big story. |
0:09.3 | The Trump administration finalized the trade deal with China securing commitments from Beijing to export rare earth minerals, |
0:15.5 | vital to U.S. manufacturing, as Commerce Secretary Howard Lutton again told Bloomberg, he has this video here, Rob. |
0:20.9 | If you want to play this clip, go for it. |
0:23.0 | Mr. Secretary, you just said that you're going to announce a whole bunch of deals over the course of the next week with what countries. |
0:28.5 | And does that include the China deal? |
0:30.5 | The President suggested was signed yesterday. |
0:33.1 | What is that? |
0:34.6 | So the China deal, we inked the deal. You remember, we had a trip to Geneva, and then that |
0:43.2 | was being slow played. We got back together in London, and that deal was signed and sealed |
0:48.3 | two days ago. President just said it just the other, just, you know, I don't know, 15 minutes ago. And then he |
0:55.5 | also suggested that we are, of course, at the very close finish line with India. Of course, |
1:00.8 | the way these deals happen is their prime minister and their parliament have to approve it. |
1:05.5 | And the president likes to close these deals himself. I mean, he's the deal maker. He loves to |
1:09.8 | close it. I think we have |
1:11.5 | deal after deal after deal. The president's going to make his calls. He's going to decide exactly |
1:16.8 | the finishing touches on them. And then what we're going to do is we're going to lay out a structure |
1:21.7 | of all the different kinds of tariff arrangements with different countries, right? There are countries with huge deficits. |
1:29.1 | There are countries that are balanced. |
1:30.4 | We're going to set that. |
1:31.3 | Rob, can we go hear what Scott Besson had to say about this? |
1:34.1 | Because this is obviously a very big news that a lot of people are looking for with the China |
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