Ravi Agrawal, the editor in chief of Foreign Policy.
As details emerge from the trade negotiations between the United States and China this week, one thing seems clear:
Rare earths were an important part of the discussions. China has a monopoly on the production and processing of the minerals used in the production of high-end magnets and chips. In response to U.S. President Donald Trump’s massive tariffs, Beijing’s new restrictions on critical minerals ended up bringing the two sides back to the table.
The battle over access to rare earths is part of a larger competition between Beijing and Washington on artificial intelligence. Who is best placed to win it, and what will that mean for the world? On the latest episode of FP Live,
I sat down with the two co-heads of the Goldman Sachs Global Institute, Jared Cohen and George Lee, both of whom follow the geopolitics of AI closely. The full discussion is available on the video box atop this page or on the FP Live podcast. What follows here is a lightly edited and condensed transcript.
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