Ever wondered what makes your smartphone go super-fast or your electric vehicle beep with top performance? 🤔 It’s all thanks to rare earths—17 special elements that work behind the scenes in tons of tech and green gadgets. Recently, China announced new export control measures on rare earths and related items. The move, its Commerce Ministry says, is a legit step to refine its export control system under existing laws and regulations.
So, what are rare earths? Think of them like essential spices in a biryani—they may be small in quantity, but they pack a punch. These elements power everything from your earbuds’ magnets to wind turbines and solar panels. When supply shifts, prices can spike and factories around the world feel the pinch.
On the flip side, the U.S. has slapped a 100% tariff on Chinese goods and rolled out export controls on critical software. China’s ministry spokesperson responded by urging the U.S. to correct these practices, honor the key agreements made during recent calls between the two heads of state, and keep the door open for dialogue.
Why should you care? For young innovators in Jakarta’s co-working spaces or startup hustlers in Bengaluru, stable trade ties mean predictable costs for building cutting-edge products. China wants both sides to stick to the economic and trade consultation mechanism, manage differences through mutual respect, and keep conversations going to support a sound and sustainable relationship.
What’s next? More talks, fewer surprises. From Kathmandu to Kuala Lumpur, our tech-driven lifestyles rely on smooth access to these shiny materials. Here’s hoping diplomacy stays as strong as our Wi-Fi signals! 🤝🌏
Reference(s):
China defends rare earth export controls, urges U.S. to manage differences through dialogue
cgtn.com
