By withholding soybean purchases and rare-earth exports, China extracted relief from U.S. tariffs and delayed export controls, without conceding much in return.
President Trump and China’s leader, Xi Jinping, after talks on Thursday ended. Mr. Xi said to Mr. Trump that both sides should avoid falling into a “vicious cycle of mutual retaliation.”
By withholding soybean purchases and rare-earth exports, China extracted relief from U.S. tariffs and delayed export controls, without conceding much in return.
In weaponizing its dominance over the crucial minerals, Beijing is using tactics that it once denounced, potentially alienating nations it wants to court.
Login
