China mimics US tactics with new rare earth export controls
News Source : Associated Press
News Summary
- In expanding export rules on rare earths, Beijing for the first time announced it will require foreign firms to obtain approval from the Chinese government.
- It is the latest example of Beijing turning to U.S. precedents for tools it needs to stare down Washington in what appears to be an extended trade war.
- “China is learning from the best,” said Neil Thomas, a fellow on Chinese politics at Asia Society Policy Institute’s Center for China Analysis.
- It was in 2018, when President Donald Trump launched a trade war with China, that Beijing felt the urgency to adopt a set of laws and policies that it could readily deploy when new trade conflicts arise.
WASHINGTON (AP) China likes to condemn the United States for extending its arm too far outside of its borders to make demands on nonAmerican companies. But when it sought to hit back at the U.S. int [+5470 chars]
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