"DW" posted an article on the evening of April 9th, writing: "In China's countermeasures against Trump's equivalent tariffs, in addition to the tariffs themselves, the use of the lever of rare earth export control has particularly caught people's attention. Experts predict that China's measures to control rare earth exports may have consequences more severe than those brought by tariffs."
Rare earth elements are of great significance in high-tech and military products. China controls 70% of global rare earth production and 90% of rare earth processing, while the United States needs to import 70% of its rare earth from China. China's implementation of rare earth export control precisely targets a vital point for the United States. This also indicates that China has sufficient chips and tools to cope with America's tariff hegemony, firmly safeguarding its own rights and interests in this trade game. However, the United States not only disrupts the global trade order but also faces the risk of raw material supply for its high-tech industry and military industry.
Original article: https://www.toutiao.com/article/1828946221433924/
Disclaimer: The article solely represents the author's personal views.