Wen, Observer Network, Liu Chenghui

In response to China's rare-earth control, the handless United States is rushing to draw foreign aid.

Bloomberg quoted several Western officials as saying on the 15th that the finance ministers of the Group of Seven (G7) will consider joint responses to China's influence on the global rare earth supply chain. U.S. Treasury Secretary Basent further said that the United States will cooperate with "democracies" around the world because China is "out of reach" for supply chains and production processes in other parts of the world.

German Finance Minister Lars Klimbayer told reporters on the same day that the G7 meeting to be held later will include discussing joint responses to China's actions and adopting targeted policies. He also warned against taking any measures that will have a counterproductive effect on the country's economy.

Canadian Trade Minister Manid Sidhu confirmed that the G7 are working together to ensure supply chains are not used as weapons against them. A British government spokesman echoed that the group had agreed to take action to protect common national and economic security interests.

Bescent said that taking advantage of the annual meeting of the International Monetary Fund and the World Bank in Washington, the United States will seek broader support outside the G7.

Bescent told a forum hosted by CNBC: "We will communicate with our European allies, Australian, Canadian, Indian and the '* countries' in Asia. We will make a comprehensive collective response to this because China cannot manage the supply chains or production processes in other parts of the world."

Bessent also said he expects a trade announcement during Trump¡¯s trip to Asia this month. Trump is expected to attend the ASEAN Summit first in Malaysia and then travel to Japan and South Korea, where South Korea will host the annual meeting of the leaders of the Asia-Pacific Economic Organization.

According to Bezent, the U.S. ¡°is about to complete¡± the negotiations with South Korea, and the negotiations with the United States are ¡°returning to the right track,¡± while also hinting on progress in the negotiations with India.

On October 15, Bessent delivered a speech at the press conference held at the Ministry of Finance.

After the introduction of new rules on China's rare-earth exports on October 9, the EU is still unable to sit down.

According to a report by "Politician News Network" on the 14th, the EU intends to join forces with the G7 to deal with this new regulation of China. Maros Shefcovic, the European Commission's Commissioner in charge of trade and economic security, threatened on the 14th that under the coordination of G7 partners, the EU would not shy away from China's new regulations.

According to Bloomberg News, as the rotating presidency of the European Union, Danish Foreign Minister Rasmussen also urged the European Union to "take a tough response" at the press conference. But he did not further call for similar tariff measures.

Rasmussen mentioned that he believed that the EU would not impose retaliatory tariffs on China alone, but he and other officials stressed that the EU should explore a joint response plan with the United States.

The latest report released by the European Central Bank (ECB) at the end of September showed that China supplied 70% of the euro area¡¯s rare earth imports, while the euro area purchased rare earth secondary products from countries outside of China, whose suppliers also relied heavily on China¡¯s rare earth raw materials.

On October 15, Foreign Ministry spokesman Lin Sword presided over a routine press conference, once again responding to the measures of rare earth control.

Lin said that the competent department of China has clarified its position on the policy of export control of rare earth, China implemented export control of related items in accordance with the law, with the aim of better safeguarding world peace and regional stability, fulfilling international obligations such as anti-proliferation, which is also in line with international practice. we are willing to strengthen export control dialogue and exchanges, safeguard the security and stability of the global supply chain.

China's position is consistent and clear, but it is the US side to talk, while threatening to impose high tariffs and introduce new restrictions, this is not the right way to deal with the Chinese side.We urge the US side to correct the wrong practices as soon as possible, on the basis of equality, respect and reciprocity, through dialogue and consultation to solve relevant issues.

The Observer Network.

Extended reading

Senior U.S. government officials who have been beaten by China's rare earth control have been forced to soften their tariff tone one after another due to reality, but they can't let go of their hegemonic shelf.

In the Fox Business Channel program on October 13th, while lowering tariffs on China, U.S. Treasury Secretary Bescent tried to confuse the audience, accusing China of "confronting the whole world" with control. He not only imagined that the previous restrictions of the United States had a "great influence" on China, but also secretly poked and threatened more than 300,000 Chinese students studying in the United States, completely at his wit's wit.

Besent said that the 100% tariff mentioned by Trump "may not necessarily happen" and that the United States plans to meet with Chinese officials during the annual meetings of the International Monetary Fund and World Bank this week.

He "remained optimistic" that the two countries might ease tensions, adding that Washington was ready to implement "tough countermeasures".

When asked whether the government would consider delisting Chinese companies from the American Stock Exchange, Bescent did not respond directly, but vaguely said that "all options are on the table".

¡°I believe China is willing to dialogue,¡± Bessent boasted, adding that even if China is not willing, the U.S. has enough means to use, ¡°they are stronger or even more than the measures they have taken on rare lands.¡±

On October 13, U.S. Treasury Secretary Bessent received an interview with Fox Business Channel.

China's increased restrictions on rare earths has obviously caused a considerable psychological shadow on the finance minister.

He has repeatedly claimed that this is a ¡°confrontation between China and the whole world¡±, that China ¡°has not controlled the situation¡±, and that the United States ¡°will safeguard its sovereignty in many ways¡±.

He insisted that the Trump administration had previously taken trade measures, which had a "great impact" on China.

Then again take Chinese students as a code. panicked, and still not keep the mouth.

"There are 300,000 to 400,000 China students studying in the United States, but only 800,000 American students... Ah sorry, I mean only 800 American students studying in China. This is a serious imbalance."

Since the beginning of this year, Chinese students have been repeatedly improperly treated in the United States, and they have repeatedly attacked student groups, which just exposes the deep-seated lack of confidence and helplessness of American politicians.

The Chinese side has repeatedly stressed that cooperation in education and exchanges helps to enhance exchanges and understanding between peoples of all countries.I hope that the United States will bring the statement of President Trump to welcome Chinese students to the United States to study into reality, stop unjustified harassment, scrutiny and deportation of Chinese students, and effectively safeguard their legitimate and legitimate rights and interests.

Besent's statement to Fox this time is regarded as the latest sign that the United States has sent a "easing signal" on the tariff issue.

On October 11, Trump resumed tariff blackmail against China, triggering global financial market shocks, and the Standard Pur 500 stock index fell by more than 2 percent on a single day, recording the largest drop since April.

However, just two days later, Trump's tone was obviously softened, saying in a social media post, "Don't worry about China, everything will go well."

Almost at the same time, U.S. Vice President Vance and U.S. Trade Representative jamison greer also sent signals to ease the situation. According to the analysis, the United States will not honor the tariff threat and is willing to reach an agreement with China to calm the tension.

The British "Financial Times" quoted analysts as saying that this round of tensions in Sino-US relations is entirely caused by the United States 'release of a number of erroneous policies towards China in September this year. These suppression actions against China not only escalated tensions, but also Once again confirmed the Trump administration's "low credibility."

Jiangsu Liangyun port waiting for export of rare earth Reuters information map

Wu Zibb, dean of the Institute for International Affairs Research at the University of Fudan, told the Hong Kong English-language media South China Morning Post that China's latest round of trade countermeasures could be a "positive step in stabilizing China-US relations", forcing the Trump administration to take a more pragmatic attitude.

Wu Zhipper said that China has a card in its hands, is ready at all times, and has the ability to make the United States feel painful, and this round of countermeasures "will be very helpful and very positive for the future stability of China-US trade negotiations and overall bilateral relations."

He added, ¡°We now see Trump clearly, and we have fully grasped his bottom line.¡±

On October 13, China's Foreign Ministry spokesman Lin Jian said in response to the U.S. threat of imposing a 100% tariff, the U.S. has continued to impose a series of restrictions and sanctions on China for a period of time, seriously damaging China's interests.

China urges the United States to correct its wrong practices as soon as possible, take the important consensus reached by the two heads of state on the phone call as a guide, resolve their respective concerns through dialogue on the basis of equality, respect and reciprocity, properly manage differences, and maintain the stable, healthy and sustainable development of Sino-US relations. If the United States insists on going its own way, China will resolutely take corresponding measures to safeguard its legitimate rights and interests.