(Preview) Q&A on the Trade War: Rare Earths Anxiety, PRC Motivations, Mutual Risks, and the Capitulation or Escalation Era
1Description
On today’s show Andrew and Bill react to the PRC’s announcement of expanded export controls on rare earths and related manufacturing equipment. Topics include: Why countries around the world were immediately concerned, clarifications offered from the PRC that may not allay those concerns, and why viewing these rules as a response to the recent BIS updates is overly simplistic. From there: The American response to the rare earth measures, including Trump's "Xi had a bad moment" comment, TACO predictions that may age poorly, why this move may have been a tactical error from Xi, and why capitulation or escalation may be a binary choice for the US. At the end: A supply chain wake-up call for the whole world, the Netherlands takes control of a Chinese-owned chipmaker, and lessons from the UK as the spy trial controversy continues to unspool.
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Bill Bishop is the author of Sinocism
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Rare earths standoff redux; Dutch government takes control of Nexperia; Global Leaders’ Meeting on Women; Fourth Plenum next week — Sinocism
Scott Bessent slams China: ‘They want to pull everybody else down with them’ — Financial Times
Beijing Declares Economic War on the United States — China Articles
China and Rare Earth Metals, Chips and Rare Earths, The U.S.’s Self-Inflicted Challenge — Stratechery
Cars to Fighter Jets: China’s New Export Curbs May Level a Heavy Blow Worldwide — New York Times
China’s Rare-Earth Escalation Threatens Trade Talks—and the Global Economy — Wall Street Journal
Trump to Hit China With Additional 100% Tariff, Citing Restrictions on Rare-Earth Elements — Wall Street Journal
U.S., China Aim for a Delicate Balancing Act on Trade — Wall Street Journal
GM’s Rare-Earth Gamble Pays Off as China Tightens Magnet Exports — Wall Street Journal
Chinese Exports Surge, Giving Xi Stronger Hand in Trade Fight — Bloomberg
Dutch government takes control of Chinese-owned chipmaker Nexperia — Financial Times
Police found secret messaging app used by Beijing agents on spy suspect's burner phones — Daily Mail
Sinocism Live: The UK-China spy scandal and UK-China relations with Charles Parton — Sinocism
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