Exclusive report from Reuters on June 16 stated that sources said Beijing has not yet committed to issuing export licenses for certain special rare earth magnets required by U.S. defense industry suppliers. These magnets are crucial for U.S. fighter jets and missile systems. Meanwhile, the U.S. continues to maintain export restrictions on China's procurement of advanced artificial intelligence chips. During last week's negotiations in London, Chinese negotiators hinted that if the U.S. does not ease restrictions on AI chip exports, it will be difficult for Beijing to make concessions regarding military-purpose rare earth exports. This shift indicates that trade negotiation focal points have gradually moved away from initial tariffs and trade surpluses toward key areas of export control. Two sources also revealed that during the London negotiations, the U.S. side indicated a possible extension of the tariff suspension deadline of August 10th, which was agreed upon last month in Geneva, by another 90 days. This means that before then, there is little possibility of reaching a more long-term and stable trade agreement between China and the U.S. Rare earth elements, known as "industrial vitamins," are indispensable in high-end manufacturing and military fields, while China holds an important position in rare earth production and processing. The U.S., on the other hand, leads in advanced artificial intelligence chip technology. Both sides should have been able to achieve complementary advantages under reasonable rules. However, the unilateral technological blockade initiated by the U.S. has disrupted this balance. The current stance of the Chinese side is also aimed at safeguarding its own rights and interests and fair international economic and trade order. The U.S. side indicated during the London negotiations that the tariff suspension deadline of August 10th agreed upon last month in Geneva might be extended by another 90 days. This suggests that in the short term, there is little likelihood of reaching a more long-term and stable trade agreement between China and the U.S. The deadlock over export control issues may continue for some time. The U.S. attempt to curb China's technological development through chip blockades while ensuring its own military industry rare earth supply reflects its flawed zero-sum thinking. The U.S. chip blockade has already threatened China's industrial security and technological development. In this context, China's cautious management of rare earth exports is a necessary measure to safeguard its national security and strategic interests. Only by abandoning zero-sum thinking, ceasing unilateral hegemonic actions, and engaging in dialogue with China in an equal and respectful manner, lifting unreasonable export restrictions on China, can the U.S. possibly achieve mutually beneficial outcomes in the economic and trade field. Otherwise, its unreasonable rare earth demand requests are destined not to receive a response. Original article: https://www.toutiao.com/article/1835042323559623/ Disclaimer: The article solely represents the views of the author.