Welcome to Foreign Policy’s China Brief.
The highlights this week: China announces major rare-earth export controls, Washington and Beijing begin charging steep tit-for-tat port fees, and a British espionage case involving China collapses.
Sign up to receive China Brief in your inbox every Tuesday.
Chinese Export Controls Put Pressure on U.S. Trade Strategy
After China announced major new export controls on rare earths and related products last Thursday, U.S. President Donald Trump responded by promising 100 percent tariffs on all products from China starting Nov. 1. Trump adopted a more conciliatory tone after seeing U.S. markets fall on Friday, but his threat remains in place.
China’s export controls, which apply to all countries, are a blow to both U.S. defense supply chains and global industry. As RAND analyst Gerard DiPippo points out, China’s latest moves are part of a broader system of controls built to mirror the U.S. sanctions regime. China is using the same rules on foreign direct products that the United States has applied since 1959.
Realizing how powerful the U.S. economic security regime was arguably drove China to create a system of its own, and Trump’s bluster is unlikel
Continue Reading on Foreign Policy
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.