China's Ministry of Commerce (MOFCOM) has doubled down on its rare earth export policies, urging the U.S. to resolve trade disputes through dialogue—not tariffs. Here's the lowdown. 🗞️
In a fiery Q&A statement, MOFCOM defended China's recent export controls on rare earths, emphasizing their role in global security and supply chain stability. The move, they argue, aligns with international obligations and targets military applications—not everyday trade. 🛡️
'These controls aren't bans,' the spokesperson clarified. 'Licenses will be granted for compliant exports.' China also claims it notified key partners beforehand, signaling a push for 'dialogue over division.' 🤝
U.S. Tariffs Spark Backlash 🚨
After the U.S. announced 100% tariffs on Chinese goods and software controls, MOFCOM accused Washington of 'double standards,' citing America's expansive export restrictions. 'The U.S. has 3,000 items on its control list—China has 900,' the spokesperson noted. 🔢
China also retaliated against U.S. port fees on Chinese vessels, calling them 'unilateral' and WTO-violating. Countermeasures include special fees on U.S.-linked ships. 🚢⚡
Will Talks Prevail? 🕊️
MOFCOM urged the U.S. to 'return to dialogue' and honor prior agreements. 'Threats won’t work,' they warned. 'We don’t want a trade war, but we’re not afraid of one.' 💬
As tensions escalate, the ball’s in Washington’s court. Stay tuned for updates. 📡
