China has called for the US to cancel “unreasonable” tariffs and create conditions for an expansion in trade. Xi is also renewing a push for the US to change a decades-old phrase describing its stance on Taiwan to declare it opposes independence.
China announced it is tightening the export of rare earth technologies, broadening restrictions that have been a source of tension between Beijing and Washington.
Technologies related to the extraction of rare earth minerals, manufacturing of magnets and recycling of rare earths are banned from being exported unless permitted, according to a notice published Thursday by the Ministry of Commerce.
China has called for the US to cancel “unreasonable” tariffs and create conditions for an expansion in trade. Xi is also renewing a push for the US to change a decades-old phrase describing its stance on Taiwan to declare it opposes independence.
On a call with Trump last month, Xi urged the US president to avoid restrictive trade measures and called for a “fair and non-discriminatory” environment for Chinese companies to invest in the US. Trump said at the time there had been progress on trade, fentanyl, the war in Ukraine and the TikTok deal.
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