now with the trade war between the US
and China intensifying by the day
China's rare earth Association has
further raises stakes declaring it would
fully support countermeasures announced
by Beijing the association also accused
Washington of bullying China
here's a cmj with this report the
association of China rare earth industry
issued a statement this week after a
special working meeting to discuss the
guidance it was given by Chinese
President Xi Jinping during his visit to
a rare earth plant in May calling the US
trade measures on China a form of
bullying the Association vowed to
support Chinese countermeasures in the
escalating trade war observers say China
could use its dominance in the
production of rare earths a group of 17
chemical elements used in consumer
electronics and military equipment as
powerful leverage and trade war with the
US last week as president Trump
announced he will impose further towers
on another three hundred billion dollars
of Chinese goods from September first
Trump again avoided China's rare earths
as one of the goods subject to tariffs
Beijing has yet to place any
restrictions on its rare earth supplies
to the US while the Chinese rare earth
Association rarely comments on the trade
war and made no mention of export
restrictions during their meeting it
said all attendees agreed u.s. tariffs
on Chinese goods were aimed at
suppressing China's development
meanwhile hallway which has found itself
one of the biggest issues in the trade
war due to the US sanctions it's now
subject to has declared its intention to
spur talent recruitment for technology
independence the Chinese tech giant is
offering what it's calling five times
your normal wage and a world-class
working environment as Huawei's new
talent recruitment plan reflects its
determination to stand up against
Washington sanctions in May the US
Commerce Department placed Huawei on a
defective blacklist over national
security concerns
Ethan J Arirang news
