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China Says It Didn’t Reignite Trade Tensions with the US, Trump Did
China added five rare earth elements to export controls and tightened rules on foreign producers ahead of US-China trade talks, controlling over 90% of processed rare earths.
- On Thursday, China's Ministry of Commerce expanded rare earth export controls, adding five elements and restricting materials used in semiconductors, AI systems and defence.
- Ahead of the APEC meeting in South Korea, analysts say restrictions aim to create leverage for Beijing in trade talks before Chinese President Xi Jinping and President Donald Trump meet later this month.
- On Dec. 1, foreign companies must obtain a dual-use license from MOFCOM for products with Chinese-origin rare-earth materials exceeding 0.1% by value.
- Markets reacted as Lynas Rare Earths Ltd shares hit a 12-month high of $20.75 before closing at $20.59, while U.S.-listed Chinese stocks extended losses and the White House said relevant agencies are assessing impacts.
- China's dominance in processed rare earths means its new rules mirror U.S. semiconductor export rules, but enforcement remains unclear as global supply chains seek non-Chinese supply alternatives.
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China Advisor Expects US to Ease Export Curbs for Magnet Relief
An adviser to the Chinese government expects the US to make export control concessions in exchange for winning relief on Beijing’s most potent trade weapon this week when presidents Xi Jinping and Donald Trump meet.
·United States
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China's rare earth limits may have 'gone too far this time' as trade talks start while U.S. gathers support amid global backlash
"Yet Xi’s latest trade war tactic may be tipping the geostrategic balance back toward the US as companies around the world think better of doing business in China generally."
·New York, United States
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Coverage Details
Total News Sources86
Leaning Left5Leaning Right16Center19Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
13%
C 47%
R 40%
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