“中国还有牌没打，美国压根无能为力”

Core Points - China has implemented extensive export control measures on rare earth elements, which could significantly impact global manufacturing and supply chains, showcasing its strategic power in the trade arena [2][5][11] - The recent actions by China are perceived as a response to U.S. pressures and a demonstration of its confidence and strength in the face of American trade policies [6][9][12] - The U.S. stock market reacted negatively to these developments, with the S&P 500 index experiencing its largest single-day drop since April, indicating market concerns over the escalating trade tensions [2][11] Group 1: China's Export Control Measures - China's new export regulations cover not only rare earth raw materials but also any devices containing rare earth elements, granting China potential veto power over a wide range of global manufacturing sectors [2][5] - The measures are seen as a strategic display of power, contrasting with the more reactive approach of the Trump administration [2][5][11] - China's actions are intended to signal to other nations not to sacrifice their interests for the sake of appeasing the U.S. [9][12] Group 2: U.S. Response and Market Impact - The U.S. government, particularly under Trump, has reacted with threats of increased tariffs, reflecting a sense of urgency and emotional response to China's assertiveness [2][11] - The S&P 500 index fell over 2%, marking a significant decline, which highlights the market's apprehension regarding the potential economic fallout from the trade conflict [2][11] - Analysts suggest that the U.S. is heavily reliant on foreign resources, particularly from China, complicating its ability to respond effectively to these trade challenges [5][6] Group 3: Broader Implications and Strategic Considerations - The trade tensions reveal fundamental differences in how the U.S. and China perceive competition, with China viewing trade and technology issues as interconnected parts of a broader strategy to counter U.S. containment efforts [7][8] - Experts indicate that China's measures could lead to severe consequences for the U.S. economy if similar actions are taken in other critical sectors like pharmaceuticals and biotechnology [6][9] - There is a belief that these developments may ultimately push the U.S. back to the negotiation table, as China is seen as unwilling to compromise under pressure [11][12]