Hey tech fans, global trade just got a fresh update! 🚀 At Monday’s press briefing, China’s Foreign Ministry spokesperson Lin Jian responded to the latest US threats to slap higher tariffs on rare earth metals and related items by saying it’s 'not the right way to engage.'
Here’s the lowdown:
- Tariff showdown: The US has rolled out fresh restrictions and sanctions, targeting China’s key exports of rare earth elements—materials that power everything from your smartphone’s buzz to EV motors and solar panels.
- China’s stance: According to Lin Jian, these moves seriously undermine China’s interests. He urged the US to correct course and work with China through 'dialogue based on equality, respect, and mutual benefit.'
- What’s next? If the US 'insists on going its own way,' China warns it will take corresponding measures to safeguard its rights and interests.
Why you should care: Rare earths aren’t just nerdy geologist talk—they’re the heartbeats of gadgets and green tech. Any tariff friction could ripple through the supply chain, impacting prices and availability of your next gadget or cutting-edge EV.
With South and Southeast Asia’s tech scenes buzzing—from startup hubs in Bengaluru to Singapore’s smart city initiatives—stability in the China-US trade relationship matters. 🤝🌏 Let’s watch how dialogue and diplomacy shape the future of the devices we love!
Reference(s):
China says U.S. tariff threats 'not the right way to engage'
cgtn.com
