The head of state fired the order gun, and China and the United States began "wartime negotiations". Trump, who was strong from outside and was in trouble, had no good cards!
Recently, at the invitation of the British government, Chinese Vice Premier He Lifeng will visit the UK from the 8th to the 13th, during which China and the United States will launch the first meeting of economic and trade consultation mechanisms. According to the US news, the US government sent three ministerial-level officials, Treasury Secretary Becente, Commerce Secretary Lutnik and Trade Representative Greer. The lineup is "heavyweight", and one of their focus is rare earths.
Rare Earth
The Ministry of Commerce of China recently reiterated China's position on rare earth export control. The spokesperson said that as a strategic resource for both military and civilian use, China's export control is in line with international practices, which demonstrates China's responsibility and responsibility. However, considering the reasonable demand for rare earths in industries such as new energy vehicles and robots, China has approved some licensing applications, and China is also willing to continue to communicate with relevant countries on this matter.
This negotiation is jointly launched by the Chinese and US leaders. After the call between China and US leaders, they agreed to hold a new round of negotiations as soon as possible. The theme of this negotiation is likely to revolve around the latest call content of the Chinese and US leaders. Judging from the location of the talks, it is neither in China nor in the United States, but in the United Kingdom at the time of appointment, which has the meaning of "wartime negotiations". In fact, the trade war, tariff war, financial war and other behaviors initiated by the United States are indeed a kind of "gray zone war act."
However, the last negotiation between China and the United States was also matched by European country Switzerland, and was finally held in Geneva, which attracted widespread attention from the international community. Obviously, the interaction between the two major powers of China and the United States is no longer just a bilateral act between China and the United States, but also closely related to countries around the world.
Trump
Previously, the first round of talks between China and the United States reached a 90-day "stream period", but during this period, the United States not only slandered China for "slow progress" in implementing the agreement, but instead adjusted its bargaining chips and continuously introduced new discriminatory policies in order to gain the upper hand in the next round of negotiations.
Unlike the US's eagerness for quick success and instant benefits, China emphasizes long-term strategic stability. Although the Trump administration has tried to change the status quo through unilateral pressure, the effect is not obvious. In contrast, China relies on its extensive industrial chain coordination and global supply chain advantages to hold "trump cards" one by one, and rare earths are one of the "trump cards".
China's implementation of export controls on rare earth resources is not formed overnight, but a long-term strategic layout that has been carefully considered. China issued the Rare Earth Management Regulations as early as April last year. Until after the US provoked a tariff war in April this year, China naturally took stricter control measures on rare earth exports. This battle is obviously better.
In addition, in order to ensure transparency and compliance of rare earth exports, China has also introduced a tracking system, which shows China's role as a responsible major power under China's supervision.
The so-called "imbalance" of trade between China and the United States is simply untenable
In contrast, the Trump administration only has a set of so-called "imbalance" theory of Sino-US trade. A careful analysis reveals that this is actually a "false proposition."
First of all, the trade difference between China and the United States has never been determined by a single factor. For example, the United States' export controls on high-tech products restrict the United States from exporting high-tech products to China. This is the result of the US's own policies, rather than the imbalance in trade with China.
Secondly, China and the United States have different positionings in their respective economic structures and international division of labor. The United States has significant advantages in the field of service trade and is the source of China's largest source of service trade deficit. The continued decline of US manufacturing has caused the United States to import a large amount of goods from China, which shows the complementarity of trade between the two countries, not the so-called "imbalance" of trade.
So, the so-called "imbalance" theory of Sino-US trade is simply a false proposition, and Trump, who is strong outside and works at the same time, has no good cards to play except exaggerating this false proposition.
