Editor's PiCK
China "Rare earth export controls are defensive measures… will respond if the U.S. continues to raise tariffs"
Suehyeon Lee
Summary
- China said the recent rare earth export controls were an unavoidable defensive measure.
- The Chinese government warned it will take corresponding measures if the United States continues tariff increases.
- China urged the United States to withdraw the tariff increases and said high tariffs are not helpful to the bilateral relationship.
China made its first official response since U.S. President Donald Trump's announcement of 100% additional tariffs against China.
On the 12th (local time), according to Kobeisi Letter, the Chinese government said, "The recent export controls on rare earths were an unavoidable defensive measure," and "If the United States continues to raise tariffs, it will take corresponding measures."
China also warned, "We urge the United States to correct its wrongful behavior as soon as possible. Threatening with high tariffs is not the way to maintain a proper relationship with China."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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