China defends rare earth curbs, slams US' additional 100% tariffs as 'double standard'

China defends rare earth curbs, slams US’ additional 100% tariffs as ‘double standard’

China‘s Commerce Ministry on Sunday slammed the Donald Trump-led US government‘s plan to impose another 100% tariff on Chinese imports (up and above the existing levies), calling it a “classic case of ‘double standards’.” Amid rising trade tension between the two trade giants, Beijing restated its consistent stance and said it does not “want to…

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'Don't want tariff war, but ready for one': How China hit back at Trump's threat

‘Don’t want tariff war, but ready for one’: How China hit back at Trump’s threat

China issued a blunt warning to Washington after President Donald Trump threatened a new round of 100% tariffs, stating that it prefers diplomacy over confrontation but will not hesitate to retaliate if provoked. This back-and-forth tariff warning threatens to derail a possible meeting between Trump and Chinese leader Xi Jinping and end a truce in…

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More hits for China? Trump hints at export controls for Boeing parts; US prez 'surprised' by Beijing's rare earth move

More hits for China? Trump hints at export controls for Boeing parts; US prez ‘surprised’ by Beijing’s rare earth move

The United States could impose export controls on Boeing aircraft parts following China’s recent restrictions on rare earth mineral exports, President Donald Trump said on Friday.Trump told reporters that Beijing has many Boeing planes and they need parts for those.He expressed surprise at China’s decision, noting his strong personal rapport with President Xi Jinping. “And…

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The World’s Chip Supply Chain Is Bracing for Fallout From China’s Rare-Earth Curbs

The World’s Chip Supply Chain Is Bracing for Fallout From China’s Rare-Earth Curbs

(Bloomberg) — Businesses across the global semiconductor supply chain are bracing themselves for disruptions from an escalating trade war, after China imposed curbs on rare-earth mineral exports and the US responded with additional tariffs and restrictions on software sales to the Asian nation. China’s restrictions, the most targeted move yet to limit supplies of rare-earth…

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China tightens rare earth export controls, targets defence, semiconductor users

China tightens rare earth export controls, targets defence, semiconductor users

BEIJING (Reuters) -China tightened its rare earth export controls on Thursday, expanding restrictions on processing technology, unauthorised overseas cooperation and spelling out its intention to limit exports to overseas defence and semiconductor users. Exports of technology used to mine and process rare earths or make the associated magnets is barred without permission, the Ministry of…

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