Despite a recent cordial conversation between President Trump and Chinese leader Xi Jinping, China appears set to maintain stringent controls over rare earth exports, essential for technologies like electric vehicles and microchips. The two leaders agreed to further trade talks, yet statements post-call revealed disparities in their dialogue regarding rare earths. China dominates rare earth processing and has imposed licensing requirements, expanding export restrictions rather than relaxing them after U.S. tariffs. This suggests that geopolitical tensions continue to influence trade policy, particularly around critical resources.
Despite positive trade talks, China's export restrictions on rare earths, crucial for high-tech industries, seem unlikely to ease, maintaining a tight grip on this strategic sector.
Trump's comments on rare earths suggested a desire for clarity, yet the absence of this mention in China's response indicates a continued divergence in trade perspectives.
Collection
[
|
...
]