Foreign media: China's new restrictions on rare earth exports have touched a key weakness of the Trump administration in the Sino-US trade war.
Rare earths are the core raw materials for high-tech and military manufacturing (such as smartphones, electric vehicles, F-35 fighter jets, etc.), and China is almost in a monopoly position in global rare earth processing.
China emphasized that as long as the application is compliant and used for civil purposes, export licenses will be approved. Although the United States and other countries are trying to develop alternative supplies, it is difficult to shake China's advantage in the short term.
Original article: www.toutiao.com/article/1846197750573068/
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