Oct. 17 at 12:16 AM
from bbc news
$MCHI
China has found Trump's pain point - rare earths
a near-monopoly in the P-R-O-C-E-S-S-I-N-G
of rare earths - crucial for the production of everything from smartphones to fighter jets. Under the new rules, foreign companies now need the Chinese government's approval to export products that contain even a tiny amount of rare earths and must declare their intended use. In response, US President Donald Trump threatened to impose an additional 100% tariff on Chinese goods and put export controls on key software. China vS the world. They have pointed a bazooka at the supply chains & the industrial base of the free world, and we're not going to have it: US Treasury Secretary Scott Bessent.
On Thursday
$MCHI Commerce Ministry spokesperson countered, saying that shortly after the China-US economic and trade talks in Madrid in September, "and despite repeated dissuasion from the Chinese side, the US side introduced 20 measures to suppress China within just over 20 days".
