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China Signals Openness to U.S. Trade Talks Amid Rare Earth Tensions
China Signals Openness to U.S. Trade Talks Amid Rare Earth Tensions
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BTCCSquare news:
China has indicated willingness to resume trade negotiations with the U.S., attempting to de-escalate tensions sparked by recent export controls on rare earth metals. A Chinese Ministry of Commerce spokesperson accused the TRUMP administration of distorting Beijing's measures and creating 'unnecessary panic.'
The standoff intensified last week when China announced sweeping rare earth export restrictions, prompting President Trump to impose 100% tariffs on all Chinese imports effective November 1. These developments have rattled global markets, though both sides now appear to be moderating rhetoric to facilitate renewed dialogue.
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