Escalating Tensions Over Rare Earth Exports Stiffen US-China Relations
China has tightened its control over rare earth exports amid rising trade tensions with the United States, leading to volatility in global markets. As Washington accuses Beijing of intentionally causing panic through its export restrictions, China has responded by emphasizing its openness to trade negotiations while asserting the retaliatory nature of its measures. U.S. Treasury Secretary Bessent stated that the U.S. could adopt a more aggressive approach than China. With rare earth minerals at the center of this ongoing standoff, which also involves potential impacts on vital U.S. industries, the situation poses risks to supply chains and national security. Furthermore, the EU has called for a united response from the G7 to address China’s assertiveness in this domain, highlighting the global implications of the rare earths conflict.
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