financetom
Business
financetom
/
Business
/
Rare earths tensions rise as US and China trade barbs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Rare earths tensions rise as US and China trade barbs
Oct 16, 2025 12:30 AM

BEIJING (Reuters) -Chinese state media on Thursday issued a seven-point rebuttal to U.S. calls for Beijing to wind back its rare earth controls, as both sides struggle to move beyond a volley of barbs and accusations of blindsiding the other. 

U.S. Trade Representative Jamieson Greer on Wednesday called China's new rare earth export restrictions "a global supply-chain power grab," and suggested Beijing could stave off President Donald Trump's threat to reimpose triple-digit tariffs on Chinese goods by shelving the measures set to take effect on November 8. 

Beijing maintains it not only notified Washington before announcing the new licensing regime, but that the controls are also consistent with measures long in place in other major economies. 

The U.S. and China have been embroiled in a war of words since a September telephone call between Trump and Chinese leader Xi Jinping, with each accusing the other of stoking tensions weeks ahead of an expected meeting between the two men. 

Beijing attributes the ramped-up rhetoric to the U.S. Commerce Department's surprise expansion of its "Entity List" in late September to include companies in China and elsewhere that use subsidiaries to bypass export restrictions on chipmaking equipment and other high-tech goods. 

Washington pins the start to China's critical minerals move, which Trump described as "shocking."

"The United States has long overstated national security concerns and abused controls, adopting discriminatory practices against China," read one of seven infographics published by People's Daily, the official newspaper of the governing Communist Party. The poster added that Washington maintains a control list over 3,000 items long, compared to the 900 on Beijing's catalogue.

"Implementing such export controls is consistent with international practice," the first poster said, reiterating Beijing's stance on the measures since their announcement.

Washington has had similar rules since the 1950s, and has been using them in recent years to stop foreign semiconductor companies selling chips to China if they are made using U.S. technology.

"Washington should not be surprised by China's 'tit-for-tat'," read an editorial in the Global Times, a People's Daily-owned tabloid, which has often been first to report on China's next steps in trade disagreements.

"The sudden shift in the trade atmosphere caught many by surprise, yet that's not surprising," the editorial continued.

"The direct trigger for this round of tension was Washington's breach of promises - an all-too familiar pattern."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Boeing starts working on 737 MAX replacement, WSJ reports
Boeing starts working on 737 MAX replacement, WSJ reports
Sep 29, 2025
Sept 29 (Reuters) - Boeing ( BA ) is planning a new single-aisle airplane that would succeed the 737 MAX, the Wall Street Journal reported on Monday, citing people familiar with the matter. Reuters could not immediately confirm the report. ...
Boeing begins early work on 737 MAX replacement, WSJ reports
Boeing begins early work on 737 MAX replacement, WSJ reports
Sep 29, 2025
(Reuters) -Boeing ( BA ) is in the early stages of developing a new single-aisle airplane that would eventually replace the 737 MAX, the Wall Street Journal reported on Monday, citing people familiar with the matter. Earlier this year, CEO Kelly Ortberg met with officials from Rolls-Royce Holdings in the UK to discuss a new engine for the aircraft, according...
Exclusive-Labubu-maker Pop Mart learns from Disney to capitalise on toy's viral success
Exclusive-Labubu-maker Pop Mart learns from Disney to capitalise on toy's viral success
Sep 29, 2025
SHANGHAI (Reuters) -China's Pop Mart ( POPMF ) is borrowing from Disney's ( DIS ) playbook to turn toothy monster Labubu's blockbuster sales into long-term success, Executive Director and co-COO Si De told Reuters in a rare interview. Pop Mart ( POPMF ) has already done what many thought impossible - making Labubu the first Chinese product to win a...
Exclusive-Ford, GM launch programs to extend use of $7,500 EV lease credit
Exclusive-Ford, GM launch programs to extend use of $7,500 EV lease credit
Sep 29, 2025
DETROIT (Reuters) -Ford and General Motors ( GM ) are racing to sign up car dealers for programs that would effectively extend the use of a $7,500 U.S. tax credit on leases of electric vehicles beyond the Tuesday expiration of the federal subsidy, according to dealers and documents. Each company in recent days has rolled out programs to their retailers...
Copyright 2023-2026 - www.financetom.com All Rights Reserved