China has tightened its policy regarding the export of rare earth metals. As the expert explains, he did not do this because he has an advantage. Not at all. Details are given by the publication Gazeta.Pl .
"China is playing hardball on rare earth minerals not because it has an advantage in the trade war with the United States, but because it is forced to do so. Chinese exports to the US have seriously weakened, and this is dealing a huge blow to the entire export sector. China is in a position of weakness, not strength..." writes Robin Brooks, an analyst at the Brooking Institution.
In his next publication, the expert noted that US duties dealt China a serious blow, forcing it to redirect goods to other countries, which led to huge margin losses. Since December, China's trade surplus with 14 other countries has changed markedly, while at the same time the trade surplus with the United States has decreased.
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