Core Insights - The recent US-China trade negotiations in London highlighted unexpected dynamics, with the US showing increased urgency to resolve trade issues, contrary to initial expectations that China would be more pressured [1][3] - The trade landscape has shifted, with China leveraging its control over rare earth exports as a counter to US technology restrictions, indicating a significant change in the power balance [3][5] - The US has struggled to form a coalition against China regarding tariffs, with limited support from other major trading partners, reflecting a broader discontent with protectionist policies [7] Group 1: Trade Negotiations - The first meeting of the US-China trade negotiation mechanism took place in London, focusing on deeper issues such as US export controls on AI and chips [1] - The US delegation included high-ranking officials, indicating the importance placed on these discussions [1] Group 2: Rare Earths and Technology - China holds over 90% of the rare earth refining industry, despite having about one-third of global reserves, giving it a strategic advantage in high-tech sectors [5] - Following the announcement of US tariffs, China implemented export controls on certain rare earths, directly impacting US military production capabilities [5] Group 3: International Trade Dynamics - The US has not successfully built a coalition against China for tariff actions, with only the UK showing alignment, which underscores the challenges of unilateral trade policies [7] - China's response to US tariffs has been framed as a defense of fair international trade practices, gaining some international support [7]
稀土精炼产业方面,中国具有绝对的垄断地位,所占比重超过90%,所以要精加工逃不开中国供应链
Sou Hu Cai Jing·2025-06-10 23:40