Curb: China Not Afraid of Trade War, Accuses U.S. of Double Standard for Rare Earths Retaliation

"BEIJING — The trade war between the United States and China has taken a dramatic turn as China unveiled broad new curbs on its exports of rare earths and other critical materials. The move has sparked fears of retaliation from the US, with President Donald Trump threatening new tariffs and cancelling a planned meeting with Chinese leader Xi Jinping.
The rare earth export curbs are seen as an attempt by China to boost its leverage in trade talks with the US, according to analysts. But Trump has vowed to take action, saying that the US will impose "massive" tariffs on Chinese imports if necessary.
"I have not spoken to President Xi because there was no reason to do so," Trump wrote on Truth Social. "This was a real surprise, not only to me, but to all the Leaders of the Free World."
The move has significant implications for the global economy, with the US relying heavily on Chinese imports of rare earths. The Ministry of Commerce's "unreliable entities list" appears to be targeting US defense technology companies, which rely on rare earths from China.
China's ambassador to the US, Qin Gang, has defended the export curbs, saying that they are a "legitimate" measure under international law. But the US has accused China of a "double standard" for imposing new tariffs on US goods.
"We are not afraid of a trade war," said a spokesperson for China's Ministry of Commerce. "We do not want it, but we are not afraid of it."
As the trade war continues to escalate, investors are watching with bated breath. The US stock market plummeted on Friday, erasing $2 trillion in equity values in a single day.
The implications of this trade war are far-reaching, with analysts warning of a potential global recession. But as the US and China continue to engage in a game of economic brinksmanship, one thing is clear: the stakes have never been higher.
"This is a critical moment in the trade war," said a US trade expert. "The US and China are locked in a battle for economic supremacy, and the world is watching."
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