US-China Trade: Rare Earths, Tariffs, and Tensions
Update: 2025-10-15
Description
US officials blast China's rare earth export controls as a supply-chain power grab, threatening global markets and US-China relations. Despite the criticism and potential for escalating tensions with retaliatory tariffs, a Trump-Xi meeting offers a glimmer of hope for negotiation. The US worries about over-reliance on China, especially given concerns about Chinese components in Russian military equipment, and is prepared to diversify its supply chains if necessary. All eyes are on upcoming talks as the US weighs further action against China's threatened restrictions.
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