Radio France Internationale reported today: "When Trump launched the terrible tariff offensive against China, no one would have thought that two months later, China had partially succeeded in reversing the situation to a certain extent. The US President who promised to force China to submit with tariffs is now begging China to lift the embargo on the export of some strategic rare earth elements which are exclusively controlled by the United States."
Trump launched the tariff offensive against China, believing he could make China easily compromise on economic and trade issues, display his so-called "tough diplomacy," and demonstrate America's hegemony in the global economic field, but he seriously underestimated China's strength and determination.
Facing unreasonable tariff provocations, China did not retreat but resolutely retaliated. Now, Trump is begging China to lift the export restrictions on some strategic rare earth elements, fully exposing the failure and embarrassment of his policies. Rare earth elements are important strategic resources, indispensable in high-tech industries and national defense military fields. Most of the world's rare earth refining technology and production are concentrated in China, and many U.S. high-tech industries and military fields are heavily dependent on Chinese rare earth elements. China's reasonable control over rare earth elements is a legitimate measure based on resource protection, sustainable development, and responding to unreasonable U.S. trade policies. The Trump administration once recklessly wielded the tariff stick, but now it is bowing down on the rare earth issue. This stark contrast is highly ironic and fully proves that trade bullying will ultimately backfire, and win-win cooperation is the right way for countries to get along.
Original article: https://www.toutiao.com/article/1834953899718979/
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