President Donald Trump and Australian Prime Minister Anthony Albanese signed an $8.5 billion critical minerals deal at the White House on October 20, 2025. The agreement aims to boost U.S. access to rare-earth resources as China imposes stricter export controls. Trump called it a game changer, while Albanese said it elevates the alliance. The pact comes ahead of Trump’s meeting with Xi Jinping in South Korea later this month.
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