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China Says It Didn’t Reignite Trade Tensions with the US, Trump Did
China added five rare earth elements to export controls and tightened rules on foreign producers ahead of US-China trade talks, controlling over 90% of processed rare earths.
- On Thursday, China's Ministry of Commerce expanded rare earth export controls, adding five elements and restricting materials used in semiconductors, AI systems and defence.
- Ahead of the APEC meeting in South Korea, analysts say restrictions aim to create leverage for Beijing in trade talks before Chinese President Xi Jinping and President Donald Trump meet later this month.
- On Dec. 1, foreign companies must obtain a dual-use license from MOFCOM for products with Chinese-origin rare-earth materials exceeding 0.1% by value.
- Markets reacted as Lynas Rare Earths Ltd shares hit a 12-month high of $20.75 before closing at $20.59, while U.S.-listed Chinese stocks extended losses and the White House said relevant agencies are assessing impacts.
- China's dominance in processed rare earths means its new rules mirror U.S. semiconductor export rules, but enforcement remains unclear as global supply chains seek non-Chinese supply alternatives.
61 Articles
61 Articles
China says it didn’t reignite trade tensions with the US, Trump did | News Channel 3-12
By John Liu, CNN Hong Kong (CNN) — President Donald Trump expressed shock at China’s “surprising” move to unleash sweeping export controls on rare earths, accusing the country of “becoming very hostile.” But according to Beijing, it was Washington’s expansion of curbs on Chinese firms that ratcheted up tensions and drove it to further tighten its grip on the critical minerals essential in the production of a wide range of electronics, automobile…
China says it didn’t reignite trade tensions with the US, Trump did
By John Liu, CNN Hong Kong (CNN) — President Donald Trump expressed shock at China’s “surprising” move to unleash sweeping export controls on rare earths, accusing the country of “becoming very hostile.” But to Beijing, it was Trump’s unilateral actions that ratcheted up tensions – and drove it to further tighten its grip on the critical minerals essential in the production of a wide range of electronics, automobiles and semiconductors. In a rap…
China Locks Down Minerals to Squeeze US in Trade War
In a dramatic escalation of the economic standoff between China and the United States, Beijing has moved to intensify its control over rare earth minerals and magnet technologies - a strategic gambit to block trade and open a new front...
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