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China Defends Rare Earth Controls as Trump Threatens Tariffs
China Defends Rare Earth Controls as Trump Threatens Tariffs
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BTCCSquare news:
China has defended its recent export curbs on rare earth elements, framing them as necessary for national security rather than retaliation against U.S. tariffs. Beijing insists it does not seek a full-blown trade war but warns it is unafraid of escalation. Meanwhile, the TRUMP administration has reinstated 100% tariffs on Chinese goods, marking a sharp intensification of tensions.
The U.S. move follows China's tighter restrictions on rare earth exports, which Trump claims are Leveraged for dominance in tech and defense. Markets reacted negatively, with major indexes sliding on fears of a shattered truce. China maintains it will still permit civilian-use rare earth exports while blocking dual-use materials, calling U.S. tariffs hypocritical.
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