Economist Podcasts Mine craft: US-Ukraine resource deal
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May 1, 2025 
Chris Lockwood, Europe editor at The Economist, and Don Wineland, China business and finance editor at The Economist, dive into a groundbreaking U.S.-Ukraine resource agreement that reshapes geopolitical dynamics. They discuss how this deal establishes a joint investment fund and impacts future relations amidst conflict with Russia. The conversation shifts to the ripple effects of U.S. tariffs on Chinese imports, affecting consumer goods and fast fashion. They also explore the enduring charm of Art Deco and its relevance in modern design, offering a touch of glamour during tough times.
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Dual Nature of US-Ukraine Deal
- The US-Ukraine minerals deal combines economic investment with a form of security guarantee.
- America gains preferential access to minerals, incentivizing continued support for Ukraine.
Improved Terms in Minerals Deal
- The original minerals deal was hostile to Ukraine, with military aid offset by mineral profits.
- The new deal removes this, encouraging ongoing US assistance to Ukraine.
European Allies' Reaction to Deal
- European allies opposed Trump's minerals deal approach but welcome progress.
- The new agreement helps heal rifts from earlier US-Ukraine tensions.