China vows countermeasures against Trump's 100% tariffs
CNBC Television·2025-10-13 17:30
Geopolitical Response - China defends rare earth export restrictions, stating it's a response to US restrictions and sanctions that have harmed China's interests [1] - China threatens to retaliate against President Trump's 100% tariff threat with "corresponding measures" [2] Rare Earth Export Controls - China's rare earth controls have been expanded to cover foreign companies operating overseas [3] - China clarifies that the export curbs do not equate to a ban [3] Industry Impact - Chinese rare earths are used in a broad range of industries, including defense, autos, robotics, and semiconductors [3]