Trade conflict: Regulations number 834 and 835: Peking's new weapons in the trade war
With the export restrictions on rare earths, Xi forced Trump to the negotiating table. Now Beijing is expanding its defensive instruments - with consequences for German companies.
China's leader Xi Jinping is going into the summit with US President Donald Trump with confidence, partly due to China's near-monopoly on rare earths, a critical raw material. China has shown it can use this as a political tool, having stopped exporting rare earths and permanent magnets to the US on April 4 last year, causing production shortages. This move had far-reaching effects, impacting not only the US but also Europe. China is now using its control of rare earths as leverage against the US, EU, and Japan.
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.
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