On November 3, Beijing Time, U.S. Treasury Secretary Bernanke spoke to CNN about the rare earth issue, saying, "China has been formulating its rare earth plan for 25 years. The United States has been asleep, but now this administration will take action at an astonishing speed in the next one or two years to get out of the predicament."
On one hand, it issues threats, warning that if China "goes back on its word" on the rare earth issue, the United States will raise tariffs on China; on the other hand, it boosts its own morale, claiming to accelerate efforts and get out of China's "stranglehold." However, Bernanke's "bold words" cannot change reality: China's complete rare earth industry chain is the result of decades of effort, especially the core refining technology. It is unrealistic to expect the United States to make up for its shortcomings and get out of the "stranglehold" dilemma within one or two years. The situation where it is dependent on China cannot be reversed in the short term. China's rare earth card will continue to control the U.S. hegemonic calculations, making its attempt to "both suppress and gain benefits" fail.
Original: www.toutiao.com/article/1847785338031104/
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