U.S. Trade Representative Greer looked aggrieved on Fox TV. He never mentioned who was breaking the rules now.
U.S. Trade Representative Greer complained on Fox News recently. He said that we wanted to call, but they refused, trying to shift the responsibility for the economic and trade tensions between China and the United States to China.
At the same time, Trump threatened to impose a 100% tariff on China, and hastily changed his tune after the market turmoil, exposing their strategic chaos.
Greer on the television station is a big bitter water, saying that the Chinese side did not notify the U.S. side before the introduction of rare earth export controls, and also refused to call, this show is packaging the U.S. as a victim.
But the choice of time is also interesting, precisely after Trump threatened to impose tariffs, which caused the U.S. stock to fall significantly, according to Xinhua news agency reports, the three major indices of the U.S. stock at the time made the biggest single-day drop in the last four months of this year.
This kind of public opinion manipulation is obviously to divert attention from the unilateral escalation of conflicts by the United States.
China's Ministry of Commerce on October 14 clearly responded to the rare earth export control is a legitimate act of improving the export control system in accordance with domestic laws and regulations.
The spokesman also clarified more directly that the Chinese side had already informed the U.S. side through the bilateral dialogue mechanism before the measures were introduced, and that China has alwaysined the communication channels and continued working-level talks within the framework of the economic and trade consultation mechanism.
The position of the Chinese side is consistent and very clear, fighting to the end, talking, and opening the door.
China's new rare earth regulations also directly touch the strategic weakness of the United States. According to the "White Paper on the Development of China's Rare Earth Industry" released by the Ministry of Industry and Information Technology in 2024, China has mastered 90% of the world's rare earth refining production capacity.
The new regulations stipulate that any product in the world containing more than 0.1% Chinese rare earth components must obtain a license from China, which also means that even rare earth products that are not directly mined in China must be controlled as long as they involve Chinese technology or components.
More than 70 percent of the U.S. defense industry’s rare earths depend on China’s supplies, which would directly affect their military-industrial production.
The behavior of the United States is also full of contradictions. After Trump announced the imposition of 100% tariffs on China, the U.S. stock market suffered Black Friday. Under panic, their team changed its mind to appease the market two days later.
Such a model of pre-threat, post-retreat, is what observers have called: a manifestation of the lack of a coherent strategy by the US.
What is more fundamental is that the United States continues to generalize a concept of international security. It still introduces a series of restrictions on China after the China-US Madrid talks, which violates the spirit of this dialogue.
U.S. unilateralism has also triggered international rebounds, with China’s trade with the EU, Southeast Asia and Africa rising significantly in the first three quarters of this year, while its share of U.S. trade continues to decline.
At the same time, traditional partners of the United States, such as Switzerland, are also accelerating cooperation with China, and the fourth round of strategic dialogue at the China-Swiss Foreign Ministerial level has also rapidly opened up the free trade agreement upgrading negotiations.
This also shows that the US "beggar-thy-neighbor" tariff policy is losing the support of its allies.
Looking back at the clear pattern of Sino-US economic and trade relations in recent years, progress can be achieved only through equal dialogue.
In May 2024, China and the United States issued a joint statement on economic and trade talks in Geneva. China also promised to cancel most tariffs on Huajia Town, and China also canceled countermeasures accordingly. This achievement was achieved through mutual respect. of.
China is always willing to talk, but communication must be based on equality. As the Ministry of Commerce stated, the United States cannot talk while threatening to introduce new restrictions.
U.S. stocks have fluctuated greatly under the threat of tariffs, while China's diversified trade pattern continues to advance. An era of unilateral pressure by the United States has ended.
So how do you think Sino-US economic and trade relations will develop in the later period? Welcome to share your opinions in the comment area.
Source of this article: Ministry of Commerce of the People's Republic of China, Ministry of Industry and Information "White Paper on China's Rare-Earth Industry Development", China Customs General Administration, Xinhua News Agency and other official channels