Trade conflict: Beijing's new weapons in the trade war: How China is expanding its retaliatory arsenal
With the export restrictions on rare earths, Xi has forced Trump to the negotiating table. Now Beijing is expanding its defensive instruments - with consequences for German companies.
China's President Xi Jinping is going into a meeting with US President Donald Trump with confidence, partly due to China's near-monopoly on rare earths, critical raw materials that many industries rely on. China has used export restrictions on rare earths as a political tool, including stopping exports to the US and Europe last year, causing production disruptions.
The European Chamber of Commerce in China has called for a clear and transparent process for applying for export permits, citing significant supply chain disruptions and losses for European companies. China's export controls have proven effective, and the country is using them as leverage in trade talks, including the upcoming meeting between Trump and Xi.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
