### U.S.-China Rare Earths Deal: A Potential Resolution by Thanksgiving The ongoing negotiations between the United States and China regarding rare earths have gained significant attention, particularly as Treasury Secretary Scott Bessent expressed optimism about finalizing a deal by Thanksgiving. This comes in the wake of a framework agreement that aims to ease trade tensions, with the U.S. agreeing not to impose 100% tariffs on Chinese imports, while China would refrain from restricting exports to U.S. companies with military ties. However, the situation remains fluid, and the finalization of the deal is not guaranteed, as Bessent himself noted that the agreement has not yet been concluded [https://www.scmp.com/news/us/economy-trade-business/article/3333010/china-rare-earths-deal-will-hopefully-be-done-thanksgiving-says-scott-bessent][https://www.kitco.com/news/off-the-wire/2025-11-17/china-rare-earths-deal-hopefully-done-by-thanksgiving-bessent-says]. ### Structure of the U.S.-China Rare Earths Deal Negotiations 1. **Current Status of Negotiations** - Treasury Secretary Scott Bessent has indicated that a deal is expected to be finalized by Thanksgiving, reflecting a hopeful outlook on the negotiations [https://www.fxstreet.com/news/us-treasurys-bessent-rare-earths-deal-will-hopefully-be-done-by-thanksgiving-reuters-202511170014]. - The discussions follow a framework agreement that was announced last month, which aimed to alleviate trade tensions between the two nations [https://www.asiaone.com/world/china-rare-earths-deal-will-hopefully-be-done-by-thanksgiving-bessent-says]. 2. **Key Components of the Framework Agreement** - The U.S. has committed to not imposing 100% tariffs on Chinese imports, which is a significant step towards easing trade barriers [https://www.tag24.com/world/china/trump-treasury-secretary-spells-out-timeline-for-crucial-rare-earths-deal-with-china-3439635]. - In return, China is expected to hold off on restricting exports of rare earths to U.S. companies, particularly those with military connections [https://www.kitco.com/news/off-the-wire/2025-11-17/china-rare-earths-deal-hopefully-done-by-thanksgiving-bessent-says]. 3. **Potential Implications of the Deal** - A successful agreement could stabilize the supply chain for rare earths, which are critical for various technologies, including military applications [https://bitcoinethereumnews.com/finance/scott-bessent-says-a-u-s-china-rare-earths-deal-could-be-finalized-before-thanksgiving]. - However, Bessent has cautioned that while optimism is warranted, the deal is not yet finalized, indicating that all options remain on the table [https://www.benzinga.com/markets/macro-economic-events/25/11/48891986/scott-bessent-expects-us-china-rare-earths-deal-by-thanksgiving-based-on-xi-jinpings-word-but-issues-caution-all-options]. ### Supporting Evidence and Data - **Timeline for Finalization**: Bessent's comments suggest a target date for the deal's completion is set for late November, aligning with the Thanksgiving holiday [https://news.az/news/washington-hopes-for-rare-earth-agreement-with-beijing-by-late-november]. - **Trade Dynamics**: The framework agreement is seen as a pivotal moment in U.S.-China trade relations, with both sides making concessions to avoid further escalation [https://www.scmp.com/news/us/economy-trade-business/article/3333010/china-rare-earths-deal-will-hopefully-be-done-thanksgiving-says-scott-bessent]. ### Conclusion: A Critical Moment for U.S.-China Relations In summary, the potential U.S.-China rare earths deal represents a crucial juncture in trade relations between the two nations. The following points encapsulate the current situation: 1. **Optimism for Resolution**: Treasury Secretary Scott Bessent has expressed hope for a deal by Thanksgiving, reflecting a positive outlook on negotiations [https://www.fxstreet.com/news/us-treasurys-bessent-rare-earths-deal-will-hopefully-be-done-by-thanksgiving-reuters-202511170014]. 2. **Framework Agreement**: The agreement includes significant concessions from both sides, aimed at stabilizing trade and supply chains [https://www.kitco.com/news/off-the-wire/2025-11-17/china-rare-earths-deal-hopefully-done-by-thanksgiving-bessent-says]. 3. **Cautious Optimism**: While there is optimism, Bessent has cautioned that the deal is not yet finalized, indicating that the situation remains dynamic [https://www.benzinga.com/markets/macro-economic-events/25/11/48891986/scott-bessent-expects-us-china-rare-earths-deal-by-thanksgiving-based-on-xi-jinpings-word-but-issues-caution-all-options]. The outcome of these negotiations will be pivotal not only for the rare earths market but also for the broader context of U.S.-China relations moving forward.