China blames U.S. for global panic over rare earths controls
Reuters · Just In
Reuters
Just In
China has accused the U.S. of stoking panic over its rare earth controls and said Treasury Secretary Scott Bessent had made "grossly distorted" remarks about a top Chinese trade negotiator, rejecting a White House call to roll back the curbs.
Breakdown
- China accuses the U.S. of stoking panic over rare earth export controls.
- China produces over 90% of the world's processed rare earths and magnets. 11s
- China rejects claims that manufacturers using its rare earths need special export licenses. 1m 41s
- U.S. officials call China's measures a global supply chain power grab. 1m 45s
- Trade talks between U.S. and China are ongoing, with possible tariff truce extension. 1m 56s
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