Ever since relation between us and china deteriorate, Beijing threatens and warn the United States with the possibility of a rare earths export ban amid rising trade tensions, Chinese state media has sent an ominously worded warning to Washington: “Don’t say we didn’t warn you.”
As publish in The People’s Daily, the ruling Communist Party newspaper, used the loaded phrase in a commentary on Wednesday, In which it said that China would “never and ever accept” the US’ diktat order of Chinese development.
Some companies of Chinese have been banned by us not long ago. On May 15, the Trump administration signed an order that potentially banned major Chinese companies, such as technology giant Huawei, from buying vital components such as computer chips from the US.
Rare earths are used to make many kinds of chips, of which China is a major exporter. “At this juncture regarding the present scenario, the United States completely overestimates its ability to control the global supply chain and is due to slap itself in the face when it sobers up from its happy, ignorant self-indulgence,” said the commentary published under the pseudonym Wuyuehe. “Don’t say we didn’t warn you.”
The phrase has it stored, in the past, Chinese has history of numerous conflict and been reserved by the Chinese state media for times of serious conflict.
The People’s Daily used it in 1962 before going into armed conflict against India and again in 1978 before the Vietnam invasion. More recently, though it has appeared in several People’s Daily commentaries on issues ranging from Taiwan to the trade war.
On May 10,after talks between the two countries broke down less than a week earlier, the US raised tariffs on $200 billion of Chinese imports from 10% to 25%.
Negotiations have now stalled, and blame game has started on each side for the recent setbacks. Speaking in Japan on Monday, US President Donald Trump said he was “not ready” to make a deal. the rare earth exports has become the centre of attraction and as a new potential battleground since The US imports far more from China than China does from the US –one of the reasons for the trade war. As China runs out of US imports to tariff.
China accounted for 80% of all rare earth imports by the US between 2014 and 2017, according to the United States Geological Survey, and are were among the few items not hit by US tariffs.
In a statements posted on its website Wednesday, hinted for a possibility of action on rare earths by a representative of China’s powerful National Development and Reform Commission.
“What I can tell you is that if anyone wants to use products made of China’s rare earth exports to contain China’s development, the people of Ganzhou and across China will not be happy with that,” the official said, referring to a city in Jiangxi province
visiting a rare earth factory in Jiangxi province by Chinese President Xi Jinping On May 20 ,an unusual personal touch which many analysts and state media saw as a clear message to Washington.
“Will the rare earth become a counter-control weapon against China’s unwarranted suppression (by the US)? The answer is not mysterious,” the People’s Daily commentary said. “In fact, consumer electronics, military equipment and many other products produced in the US are highly dependent on China’s rare earth resources
An editorial in state media tabloid Global Times Wednesday was headlined: “US will bitterly regret forcing China’s hand on rare earths.”however while rare earths could prove a potential pain point for Washington, they may not be the advantage some in China think.
Eugene Gholz, who has advised the US government on rare earths, wrote in a report for the Council on Foreign Relations that China’s leverage over the rare earths market peaked in 2010 and even then it had been difficult to exploit in Beijing’s favour.
Furthermore, the US also maintains stockpiles of many key rare earth materials, not least those used in the defines industry.