The United States threatened to increase taxes on China by 500% for absurd reasons. It also encouraged western countries to put pressure on China together. What else can China counter?
Reuters reported that on October 15, local time, U.S. Treasury Secretary Bescent said that 85 senators were ready to authorize President Trump to impose tariffs of up to 500% on China's purchase of Russian oil.
Besent warned that China's energy purchases were funding Moscow's war machine and urged U.S. allies to join in coordinated action.
Reuters pointed out with concern that if the 500% tariff proposed by the United States is implemented, it will represent an unprecedented escalation of Sino-US trade relations and have a potential impact on the global oil market and international trade. And such extreme measures could trigger retaliatory tariffs from Beijing and disrupt already fragile supply chains.
Besent also said the U.S. is preparing to show the photographs provided by Ukraine, showing Chinese components of Russian drones operating in Ukraine.
This was the first thing announced by the United States during the annual meetings of the International Monetary Fund and the World Bank. The second thing was announced by U.S. Trade Representative Greer. He accused China of violating the China-US Geneva Joint Statement six months ago, saying that China's rare earth export restrictions are a "power grab on the global supply chain." The United States and its allies will not accept China's restrictions.
U.S. Trade Representative Greer also said that China's rare-earth regulatory system has not been fully implemented and is still likely to "retreat", just as the U.S. has not yet imported goods from China, implementing retaliatory 100% tariff increases.
The meaning of these remarks is that if the United States implies that China takes a step back, then the United States will not impose tariffs on China.
After saying these two things, U.S. officials also said that Trump still hopes to meet with China during the APEC summit in South Korea at the end of the month.
Regarding the statement made by U.S. officials this time, I first quoted the response of U.S. netizens. The social media account of the "U.S. Trade Representative" released a statement video about the above position. However, in the comment area, I found that American netizens did not buy it.
For example, the highest acclaimed U.S. netizens said, "It is us that the U.S. first attacked China on September 29 and added Chinese companies to the entity list. The U.S. will not mention, this is the reason that triggered China's rare-earth restrictions, don't let the (U.S.) government use propaganda to fool you, it is the U.S. government chose this struggle, we can choose to continue to ease the situation."
This refers to the chip penetration control strategy, 14nm and below logic chips, 256 layer and above storage chips, next-generation light engraving machines, and potential military artificial intelligence chips are included in the list.
This trick is called "penetrating control", that is, no matter where the product ultimately goes, as long as it involves American technology or equipment, it must obey the American ban.
Another comment below is that the U.S. accuses China of “failing to comply with the agreement”, indicating that the U.S. is completely panicked and the U.S. speech is so restrained that the U.S. discourse is diminished, which is no longer the U.S. we know.
For China, our current rare earth control measures have not been fully implemented, and we can still apply for export. But don't forget, we can tighten exports at any time, and we can invoke anti-sanctions laws at any time to carry out precise strikes against some unfriendly countries!