"China has accused the United States of double standards after US President Donald Trump threatened to impose an additional 100 percent tariff on Chinese goods in response to Beijing's curbs on exports of rare earth minerals. China says its export control measures announced last week were in response to the US restrictions on its entities and targeting of Beijing's maritime, logistics and shipbuilding industries."
"Trump's tariff threats, which come weeks ahead of the likely meeting between the US president and his Chinese counterpart Xi Jinping, have the potential to reignite a trade war months after Washington lowered the China tariffs from 125 to 30 percent. The actions by the world's two largest economies threaten to ignite a new trade war, adding further uncertainty to global trade. So what's the recent history of US trade measures against China, and will the two countries be able to resolve their differences?"
US restrictions on semiconductor technology and threats of steep tariffs have escalated tensions with China. China responded by expanding export controls to cover 12 of 17 rare-earth metals and specialist refining equipment, effective December 1, and requiring foreign firms to obtain approval and disclose intended uses. China justified the measures on national security grounds and cited US curbs on Chinese entities and targeted actions against maritime, logistics and shipbuilding industries. The moves increase the risk of reigniting a trade war, heighten uncertainty for global trade, and complicate upcoming high-level meetings between US and Chinese leaders.
Read at www.aljazeera.com
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