Beijing blames U.S. for trade tensions, defends rare earth curbs
Reuters · Just In
Reuters
Just In
China on Sunday (October 12) called U.S. President Donald Trump's latest tariffs on Chinese goods hypocritical and defended its curbs on exports of rare earth elements and equipment, but stopped short of imposing new levies on U.S. products.
Breakdown
- China criticized new U.S. tariffs and accused the U.S. of double standards.
- Beijing defended its export controls on rare earth elements, citing military concerns. 1m 21s
- China produces over 90% of the world's processed rare earths and magnets. 1m 29s
- The Commerce Ministry reassured foreign companies that export applications for civilian use would be approved if compliant. 1m 45s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.