"The restrictions on exports of rare earths and certain lithium battery components announced on Thursday have provoked the anger of U.S. President Donald Trump, who has threatened to impose additional 100% tariffs on China starting November 1. He has also threatened to cancel his meeting with his Chinese counterpart, Xi Jinping, scheduled to take place in South Korea at the end of the month. The situation is at risk of escalating."
"On Sunday, he took a slightly more conciliatory tone in a post on Truth Social, which still carried a hint of threat: Don't worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn't want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!! he wrote."
"China's Ministry of Commerce defended the legitimacy of the new rare earth export restrictions on Sunday and blamed its U.S. counterpart for the sudden deterioration in relations. Since the talks in Madrid in mid-September, the U.S. has continuously introduced a series of new restrictive measures against China, a spokesperson said in a statement. They cited the recent inclusion of Chinese companies on the U.S. entity control list, Beijing's addition to a blacklist for lack of tax transparen"
China imposed restrictions on exports of rare earths and certain lithium battery components. U.S. President Donald Trump responded by threatening additional 100% tariffs from November 1 and the cancellation of a meeting with Xi Jinping in South Korea. Negotiations since May that had reduced tensions appear to have reversed toward April levels, increasing the risk of escalation. Trump described the announcement as shocking, then posted a more conciliatory message on Truth Social. China's Ministry of Commerce defended the export restrictions and blamed recent U.S. restrictive measures and listings for the deterioration in relations.
Read at english.elpais.com
Unable to calculate read time
Collection
[
|
...
]