China vows countermeasures against Pres. Trump's 100% tariffs

Core Points - The article discusses the ongoing trade tensions between the US and China, particularly focusing on China's response to US tariffs and export curbs [1][2][3] Group 1: US-China Trade Relations - President Trump has softened his stance on China after threatening new 100% tariffs starting November 1st [1] - China is defending its approach to expand export curbs, claiming that US restrictions have harmed its interests [2][3] - The Chinese government views its actions as a response to US provocations and is threatening retaliation against the tariff threat [3][4] Group 2: Rare Earth Curbs - China has pledged to take corresponding measures in response to US tariffs, while clarifying that its rare earth curbs do not equate to a ban [4][5] - Analysts speculate that China may be using the rare earth curbs to extract concessions from the US ahead of an expected meeting between Presidents Trump and Xi [5][7] - The Chinese believe that maintaining their stance on rare earths could provide leverage in negotiations, placing the onus on President Trump to respond [7] Group 3: Economic Impact - The trade tensions are expected to significantly impact manufacturing, with some analysts describing the situation as a de facto embargo on China [8][9] - Current export numbers indicate that only 10% of direct shipments to China come from the US, suggesting a shift in China's reliance on American goods [10][11] - The Chinese government is adept at identifying pressure points for President Trump, focusing on issues like rare earths and soybeans, which are politically sensitive for him [12] Group 4: Chinese Negotiation Goals - China aims to have tariffs lifted and export controls on high-tech items removed to gain access to advanced technology [14][15] - The Chinese strategy appears to involve reducing reliance on the US while still seeking high-end technology items [15]