“The Chinese government has come out swinging in response to President Donald Trump’s threat Friday of 100 percent tariffs on China’s imports in response to Beijing’s new export curbs on rare earths,” Politico reports.
“In its first official reaction to that warning, Beijing on Sunday signaled that it will retaliate against any new levies that the Trump administration may impose on Chinese imports.”
“Beijing dismissed Trump’s concerns about the restrictions it announced last week — which will block exports that contain even trace amounts of Chinese rare earths essential to U.S. manufacturers — as a ‘classic case of ‘double standards.’ And said the export ban is a justified response to what it described as ‘discriminatory’ Trump administration trade curbs on items including high-end semiconductors.”
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