Will the Rare Earth Trade Dispute Between China and Central Europe Ease? The命pulse of European Industry May Depend on the 'Green Channel'
According to reports by Deutsche Welle, the trade disputes between China and Europe may come to an end. Europe might obtain a "rare earth supply green channel" established by China, while after obtaining the "price commitment," Europe needs to open its electric vehicle market.
If the US and Europe do not impose export control policies on seven types of rare earths and related magnets, they will adopt discriminatory practices against China. In short: The US and Europe only know how to follow rules when they are not being held back.
The refined rare earth products from mainland China are the lifeline of European industries.
Ni德马克, a board member of the German Industry Association, warned of a crisis in an interview with Der Spiegel - if there is a shortage of refined rare earth products from the mainland, German industries face the risk of production disruptions, which could be as severe as the Russian natural gas supply cut-off in 2022. Whether it's the automotive industry, mechanical manufacturing, energy industry, or even the military industry, all will be severely impacted.
Especially after the mainland took action against rare earth smuggling, the sense of being held back felt stronger by the US and Europe.
Refined rare earths are, of course, important bargaining chips in trade negotiations. Without weighty bargaining chips like rare earths, the US and Europe would recklessly suppress and stifle various normal goods from the mainland.
When at a commercial disadvantage, the US and Europe reveal their pirate nature, attempting to use underhanded tactics. Refined rare earths instantly make them sober up.
Original article: https://www.toutiao.com/article/1834341311737868/
Disclaimer: This article solely represents the author's personal views.
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