【By Liu Bai, Observer News】China's countermeasures have fallen precisely, while U.S. politicians remain stubborn and continue to "throw a tantrum".

On October 14 local time, U.S. Trade Representative Jamison Griley gave an interview to the American Consumer News and Business Channel (CNBC), stating that whether the U.S. would impose 100% tariffs on China on November 1 or earlier depends on China's actions. He shifted the blame, accusing China of "significantly escalating the situation," while also stating that Trump's team hopes to cooperate with China and both sides can find a solution.

"It largely depends on China's actions," said Griley when asked about the tariff issue with China.

He emphasized that both sides can find a solution. However, Griley also stated that the U.S. cannot tolerate China maintaining current regulatory measures, which allow it to have a "veto power" over the global high-tech supply chain.

Griley interviewed by CNBC

After China introduced comprehensive rare earth control measures on the 9th, President Trump urgently issued a 100% tariff extortion, causing the U.S. stock market value to drop by about $2 trillion.

But two days later, Trump softened his tone, saying, "Don't worry about China, everything will be fine."

Griley said that the White House will pay attention to the market, but the government is more focused on achieving long-term economic success by bringing supply chains back to the U.S. and reducing dependence on China.

"We hope to ensure that the market is also responding appropriately to information," he said. "This week, people have seen the market stabilize because they realize that the president and his team want to cooperate with China."

"Both sides have leverage. We can also implement export controls if necessary, but that is not our goal."

"We hope to maintain good relations with China, so we need them to change their approach," he added.

Griley had previously complained on the 12th that China did not inform them in advance about the recent rare earth regulations, and this so-called "power grab" (meaning seizing power) behavior surprised the U.S., as well as China's refusal to communicate.

The Financial Times reported on the 14th that the strength of China's rare earth countermeasures was far beyond the expectations of U.S. officials, but some pointed out that China had warned the U.S. earlier this year.

A senior U.S. official said that China had warned about many of the current countermeasures taken, and would implement retaliatory actions exceeding all expectations, and the U.S. would face "hellfire."

On the 14th, China reiterated that the export control measures related to rare earths and other items are a proper practice of the Chinese government based on laws and regulations, improving its own export control system. China's export control is not a ban on exports; applications that meet the criteria will be approved as usual, jointly maintaining the safety and stability of the global supply chain.

Regarding the tariff war and trade war, China's position has always been consistent. If they want to fight, we will follow through; if they want to talk, the door is open. A spokesperson pointed out that the U.S. cannot demand talks while threatening to introduce new restrictive measures, which is not the right way to deal with China.

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