美方苦等两天电话未通，中方冷处理，特朗普紧急改口：美国不想伤害中国

Core Points - China has announced tightened export controls on rare earths, requiring all overseas trade to obtain permits, which has escalated tensions with the U.S. [1][3] - The new regulations cover critical metals such as holmium, erbium, and thulium, and even products with over 0.1% Chinese rare earth content will require approval [1] - The U.S. stock market reacted negatively, with a significant drop in market capitalization, prompting a quick reversal in Trump's stance on tariffs [3][5] Group 1: Trade Relations - Trump's administration threatened to impose a 100% tariff on all Chinese goods if the export controls were not lifted, indicating a potential escalation in trade tensions [3] - The U.S. has seen a decline in its exports to China, dropping from 21% to 16%, while trade with ASEAN has surged, indicating a shift in trade dynamics [6] - American retailers are facing inventory shortages ahead of the holiday season, with companies like Walmart opposing the proposed tariffs [6][8] Group 2: Industry Impact - Rare earths are critical for various industries, including defense, with the F-35 fighter jet requiring 900 pounds of rare earths, and nuclear submarines needing nearly 10,000 pounds [3] - The global supply chain is undergoing restructuring, with Japan and the EU accelerating recycling technology development, while Australia is pushing for local mining [6] - Despite efforts to diversify supply sources, the U.S. remains heavily reliant on China for rare earth refining, which is expected to continue for at least five years [6] Group 3: Economic Consequences - Ordinary American families are feeling financial pressure, with 30% unable to cover an emergency expense of $500, and potential tariff implementation could increase annual household expenses by $1,400 [8] - The agricultural sector is also affected, with U.S. soybean imports shifting to Brazil, leading to significant inventory buildup for American farmers [8] - The current situation is described as a "deterrence balance," where both countries are interdependent, complicating the potential for decisive actions [8]