US-China trade war: Opinion

US-China trade war: Opinion

Breaking news and analysis on the US-China trade war, its history and timeline, and the impact on the global economy.

US-China trade war: hardliners in Beijing are gaining influence
Ever since the trade war between Beijing and Washington started more than a year ago, China’s state media has performed contortionist acts in trying to build up a narrative. For much of the year, the official media outlets focused on playing up the potential fallout of the escalating conflict on the US economy while remaining silent on its potentially bigger negative impact on the Chinese economy, giving rise to jokes that Chinese officials seemed to be more concerned about the Americans than their own people. But since mid-May, when the trade talks collapsed with both sides blaming each other and further hiking import tariffs on each other’s goods, the state media has suddenly started to go
US-China trade war: hardliners in Beijing are gaining influence
China should think twice before using its rare earth dominance (again)
In 2010, the Chinese woke up to the fact that they were producing 95% of the rare earths in the world. The metals, such as lanthanide elements and scandium, are largely used in catalytic converters, rechargeable batteries, powerful miniature magnets and for making very hard alloys used in military armored vehicles and projectiles. They are dirty to mine and, as China is also the biggest user, they made a half-hearted attempt in that year to protect the trade by slashing exports by 40%. Others saw this as an aggressive weaponization of the trade, cornering the market and driving up prices. It worked; prices rose by between 10 and 40 times. But these neighboring elements in the periodic table
China should think twice before using its rare earth dominance (again)