China’s Rare Earth Magnet Exports to the US Lag 20% Behind Pre-Trade War Levels Despite Trump-Xi Agreement
China’s exports of rare-earth magnets to the United States remain significantly lower than pre-trade conflict levels, despite a truce reached last year. Shipments during the first half of this year were approximately 20% below the average recorded between 2022 and 2024. This decline raises ongoing concerns within the Trump administration regarding China’s adherence to the trade agreement.
China exports fewer magnets to US
Rare-earth magnets are essential for various industries, including electric vehicles, factory automation, and defense manufacturing. The uninterrupted supply of these materials is crucial for American industries. According to customs data cited in a Bloomberg report, shipments to the US in the first six months of this year averaged 479 tonnes per month, compared to 586 tonnes monthly between 2022 and 2024.
Officials in the White House and the Office of the US Trade Representative believe that China has not fully complied with the US interpretation of the agreement. US Trade Representative Jamieson Greer noted that China’s compliance on rare earths was “not perfect.” China produces over 90% of the world’s rare-earth magnets, and US efforts to create alternative supply chains are expected to take several years. Consequently, American industries remain reliant on exports that are still subject to Beijing’s controls imposed in April last year.
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