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China defends rare earth export curbs amid U.S. tensions
China defends rare earth export curbs as legitimate amid rising tensions with U.S. over tariffs and impending Trump-Xi meeting
China defends rare earth export curbs as legitimate amid rising tensions with U.S. over tariffs and impending Trump-Xi meeting
– China defends rare earth export restrictions as lawful responses to U.S. tariffs and promotes global peace.
– U.S. imposes 100% tariffs, affecting trade relations and causing significant market losses.
The controls include not only rare earth materials but also intellectual property and technologies related to them.
The ministry noted that these restrictions are not outright export bans, asserting that applications meeting certain criteria will still be approved. It indicated confidence that the measures would have a minimal impact on the supply chain. Foreign entities will need a license if exporting products containing over 0.1% of locally-sourced rare earths, with weapons-related applications automatically denied.
In response, U.S. President Donald Trump announced on October 10 new 100% tariffs on Chinese imports, beginning November 1, along with export controls on critical software. Following these statements, global stock markets reacted negatively, resulting in a loss of $2 trillion in market capitalisation.
China contends that the U.S. operates double standards, as its own control list comprises over 3,000 items compared to China’s fewer than 1,000. China plays a crucial role in the rare earth supply, holding approximately 70% of the global market.
Trade Tensions
In addition to the export controls, China disclosed plans to begin charging U.S. ships docked at its ports, mirroring new U.S. fees for Chinese vessels. This action is presented as a necessary counter to U.S. measures, complicating the atmosphere of ongoing trade discussions.
U.S. and Chinese officials have engaged in various negotiations over recent months, focusing on topics such as the divestment of TikTok, but tensions remain high following recent developments.
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How Gen Alpha are positioned to shape the future of education
Future of education: how Generation Alpha and engaged parents are shaping schools amid challenges and rapid change
Future of education: how Generation Alpha and engaged parents are shaping schools amid challenges and rapid change
– Future education involves increased parental engagement and adapting to technological changes for younger generations.
– Barriers to involvement include time constraints and poor communication from schools, impacting family-school relationships.
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Trump orders Pentagon to resume nuclear testing immediately
Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety
Trump orders Pentagon to resume nuclear testing, raising concerns over arms race and global safety
– Trump ordered the Pentagon to resume nuclear testing, risking global tensions and retaliation from other nations.
– Proliferation concerns are rising as nuclear states modernise arsenals and the New START Treaty nears expiration.
The potential for worldwide radioactive fallout remains high, even for underground tests. The Comprehensive Nuclear Test Ban Treaty, signed by 187 states, prohibits such testing, yet the US remains a signatory without ratification, bound not to violate the treaty’s intent.
Nuclear weapon testing, once crucial for understanding weapon effects and military planning, has diminished. Since World War II, nuclear tests have largely focused on developing new designs. Significant environmental and health concerns led to a moratorium on atmospheric testing in the early 1960s and the Partial Test Ban Treaty in 1963.
Many countries, including the US, stopped explosive testing in the 1990s. Technological advancements allowed nations to develop nuclear weapons without the need for actual explosions.
Proliferation Risks
Nuclear proliferation continues, with all nine nuclear-armed states investing heavily in modernising their arsenals. This raises concerns about lowered thresholds for using such weapons.
Recent conflicts involving nuclear threats have escalated, and the number of nuclear weapons operationally available has begun to rise again. Russia has tested advanced nuclear weapons, while China is rapidly expanding its military capabilities.
The New START Treaty, which confines the nuclear capabilities of the US and Russia, is set to expire soon, with no successor treaty negotiations underway.
The Doomsday Clock has moved closer to midnight this year, highlighting the heightened dangers facing the world today.
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US–China trade talks are a handshake, not a deal
Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.
Trump and Xi unofficially extend tariff truce, with US concessions and Chinese commitments on soybeans, fentanyl, and rare earths.
Presidents Trump and Xi extend their tariff truce in an informal meeting, with US cuts and Chinese promises on soybeans, fentanyl, and rare earths.
Steve Gopalan from SkandaFX cautions this is unofficial and deeper issues between the two super powers remain.
#USChina #TradeTruce #Tariffs #GlobalMarkets #Soybeans #RareEarths #UnofficialDeal #TickerNews
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