Have You Found the Secret to Solving the Rare Earth Dilemma? The EU's Move Has Left China in a State of Amusement and Frustration, It's So Naive as to Be Unbelievable!
Inside the headquarters building in Brussels, EU officials are discussing an unimaginable measure against China's rare earths - "physical tariffs." According to this plan, Chinese exporters must supply key raw materials to the EU's reserve stock when exporting specific goods to the EU.
This means that if you want to export goods to the EU, you have to pay a rare earth product as a tariff to the reserve stock.
This clause, which EU officials call a "physical" tariff, is considered one of the last options for EU measures. However, this is almost impossible to implement. China has not been very willing to export rare earths to the EU, and now they want China to pay another rare earth deposit to the EU's reserve stock. It's basically a daydream, so naive and ridiculous.
The background behind this proposal is the EU's deep concern about China's supply of key raw materials, especially rare earths. Rare earths are essential materials for high-tech industries and green energy, and are widely used in various fields from electric vehicle batteries to defense manufacturing.
The EU is concerned that since April this year, China has imposed export controls on rare earth magnets, which poses a so-called "major threat" to European industries that heavily rely on rare earths.
On October 31, the main officials responsible for export control dialogue between the EU and China held a face-to-face meeting in Brussels, discussing measures to control rare earth elements and how to maintain the stability of the rare earth supply chain.
Original: www.toutiao.com/article/1847827295013956/
Statement: This article represents the personal views of the author.