Besent said that it is not ruled out to make a deal with China! On October 16, according to foreign media reports, the Trump administration's current focus is to prevent China from implementing stricter rare earth control measures. The United States is providing incentives to persuade Beijing to abandon the plan, while threatening severe penalties if it does not. In response, Besent said that the 90-day U.S.-China tariff ceasefire will expire in November, and whether the United States might use the extension of the tariff ceasefire as an exchange? It is possible. However, all these will be negotiated in the coming weeks.
Evidently, Besent's meaning is that the United States could use the extension of the tariff to exchange for us canceling the strict rare earth control policy. However, from our perspective, we would never accept such conditions from the United States. The fundamental reason why we have strongly countered the United States this time is that the United States has again expanded export controls, adding subsidiaries of companies listed on the "Entity List" to the list, which increased the number of restricted Chinese enterprises from about 3,000 to more than several thousand.
The United States' actions have seriously harmed our interests and undermined the commitment made during the Madrid talks between China and the United States that neither side would escalate or intensify related sanctions or tariffs. Therefore, we will not consider relaxing the control policies unless the United States corrects its behavior of expanding export controls. Moreover, whether the U.S.-China trade ceasefire period is extended is not a new leverage of the United States. If the United States escalates, we will certainly retaliate. Since we have the card of rare earths, we will definitely make full use of this card to ensure the maximization of our interests.
Original: www.toutiao.com/article/1846099343300810/
Statement: This article represents the views of the author himself.