0 0
Rare Earth Minerals Will become New Weapon in Trade War Now Between China-America
World

Trade War Now Between China-America

Read Time:2 Minute, 30 Second

Rare Earth Minerals Will become New Weapon in Trade War Now Between China-America

The trade-war between the US and China has now grown significantly. It has not only been limited to trade between the two countries but now it has been transformed into tacit rhetoric. Angered by the trade war, the Chinese media has said to the US that it is safe to go, not to say no to warn. Indeed, China has been badly offended by the US President over the restrictions imposed by China’s largest company Hwa. On May 15, President Donald Trump signed this order and applied it with immediate effect. Apart from this, the US has also indicated to ban Rare Earth exports from China. China’s National Development and Reform Commission’s website also gave its indications.

The angry Chinese government newspaper Global Times has warned America in its article saying that they will not tolerate such things at any cost. According to USGS, between 2014-2017, China exported nearly 80 percent of the Rare Earth material used in the US. There are 17 such metals which are used extensively for civil and military use. It is worth noting that on May 10, 2019, the US had taxed up to 10-25 percent of the $ 200 billion product coming from China.

On May 20, China’s President Xi Jinping visited the Rare Earth Factory in Jiangxi Province. The media of China told her to go to this factory as a direct message to America. Indeed, at the turn of the trade where the US and China are standing, Rare Earth seems to be a major weapon. China says that if America creates this weapon, then it will be unfair repression by China by the United States. Considering the usefulness of Rare Earth, it is also called industrial catalysts.

Let me also tell you here that America relies heavily on China to build bigger things from military equipment, smartphones, jets, laser equipment, and electric vehicles. It would also be necessary to mention here that Eugen Holz had advised the U.S. government about the meaning of the real meaning and also submitted its report to the Council on Foreign Relations. It was mentioned that China Rare Earthmart has great power and it was at its peak in 2010. It has been said about reducing reliance on China on this issue. The Pentagon has also submitted its report to this.

Reuters has quoted Pentagon spokesman Lieutenant Colonel Mike Andrew, that senior army officers are working closely with President Trump on this issue. America is trying to reduce dependence from China. Considering the US, China is also considering that if the US makes weapons to it, then it can also limit its supply or reduce it. In fact, in view of the potential crisis on Rare Earth, the article published in the Global Times was not able to do the same thing as we did in the 1962 Indo-China War using Frage and the 1979 China-Vietnam War. Had mentioned.

Happy
0 0 %
Sad
0 0 %
Excited
0 0 %
Sleepy
0 0 %
Angry
0 0 %
Surprise
0 0 %
Rajveer Sekhawat

Recent Posts

Biography of Successful Businessperson Adrian James Campbell

Adrian James Campbell is a name that resonates in the Australian business world. He's known…

3 days ago

Top 5 Emerging Trends in Legal Technology for 2024

As the legal industry continues to evolve, technology plays an increasingly crucial role in shaping…

5 days ago

The Technology Revolution in Dining: Streamlining Restaurant Operations for a Better Experience

The mining sector is experiencing a parallel transformation as we witness rapid technological advancements. A…

1 week ago

Fitness Reimagined: A Guide to Integrating Modern Sporting Gear into Your Routine

It all starts with setting aside time for physical exercise, whether a morning run, a…

1 week ago

How to Stay Active When You Have a Desk Job: Ways by Vinod Adani

In today’s hectic lifestyle, everyone is running in an attempt to make their career stellar,…

2 weeks ago

Adani’s Bangladesh Power Deal: A Win-Win Situation

Power outages used to be a continuous problem for Bangladesh, upsetting daily routines and businesses…

2 weeks ago