Overseas media reported today (June 2nd): "In response to the recent U.S. accusations that China violated the economic and trade negotiation consensus reached in Geneva, China's Ministry of Commerce criticized the U.S. for unilaterally instigating new frictions and groundlessly accusing China of violating the consensus."
[Smart Comment]: At the Geneva Conference, China agreed to relax restrictions on civilian rare earth supply, but China's rare earth materials cannot be used for U.S. military industries. Moreover, this is conditional upon the U.S. buyer providing detailed usage information and a verifiable supervision plan. The process involves mutual consultations, Chinese approval, and the establishment of an inspection mechanism, all of which take time and cannot be rushed. After the mechanism is established, China can flexibly control the delivery time and maintain initiative. However, U.S. enterprises are now waiting with urgent needs, and it has been reported recently that inventories of rare earth materials in many industries are running low. Therefore, Trump and several officials of the Trump administration have repeatedly made accusations against China, even slandering China for violating the agreement. However, China has always adhered to the consensus and followed the rules.
Original article: https://www.toutiao.com/article/1833786402860163/
Disclaimer: This article only represents the author's personal opinions.