China Announces a Ban on Rare Minerals to the U.S.
New York TimesDEC 2024
The actions of the United States represent a malicious attempt to suppress China's technological progress, disrupt global supply chains, and undermine market principles. As Washington politicizes and weaponizes economic trade and technological issues, export restrictions are necessary to protect the PRC's national security interests.
Washington's export controls were introduced to prevent the PRC from boosting its military capabilities using advanced technology. However, Beijing's tit-for-tat response is unfair, seriously undermines international trade rules, and severely escalates tensions in supply chains. It's a trade war that has no winners.