Critical Minerals, Critical Allies: The U.S.-Japan Minerals Deal Explained

Today, Morgan, Martha, Sarah, and Jess discuss the latest developments in the U.S.–Japan relationship following President Trump’s meeting with Japan’s new Prime Minister Sanae Takaichi. The two leaders announced a wide-ranging set of agreements, including deals on F-35 fighter jets, missile systems, and a Memorandum of Understanding to finance new shipbuilding and critical mineral projects. With China controlling about 90 percent of the world’s rare earth supply, the new MOU commits both nations to support mining ventures within six months—underscoring their shared goal of securing and diversifying critical mineral supply chains. What does this deal mean for U.S. national security and economic resilience? Can Washington and Tokyo’s “friendshoring” strategy strengthen defenses against China’s dominance in the minerals market—or is it more symbolic than strategic? And as Trump eyes a potential deal with Beijing that could also touch on critical minerals, will this partnership with Japan bolster U.S. leverage—or complicate the calculus?