Top U.S. officials on Wednesday blasted China’s major expansion of rare earth export controls as a threat to global supply chains, but said Beijing could still change course and avoid steps by Washington to decouple from the world’s second-largest economy.
U.S. Trade Representative Jamieson Greer told a press conference that China’s new export restrictions were a “global supply-chain power grab” and the U.S. and its allies would not accept the restrictions, but he and Treasury Secretary Scott Bessent stressed that Washington did not want to escalate the conflict, which has roiled financial markets and sent U.S.-China relations into a tailspin.
China announced their intent to cease exports of rare-earths at least a decade before they began implimenting it, from what I’ve read…
The West refuses to govern responsibly in the context it exists/lives, & wants crybaby-ing to fix things when China does exactly what it TOLD US it would do, decades-ago??
The US has rare-earth mineral-resources, they just refused to develop them, until too-late.
Mismanagement deserves consequences.
I’ve ZERO sympathy for pretend-responsibility authorities.
May they reap what they have sown, to use the Christian phrase.
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