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A tanker reported being struck by a projectile in the Strait of Hormuz on Saturday, Britain's maritime security agency said, after the United States a...
China on Friday defended its recent export control measures on rare earth elements, insisting the restrictions are in line with international norms and not directed at any specific country.
The remarks came amid rising trade tensions following reports that the United States has suspended certain technology exports to China in response.
At a press briefing in Beijing, Foreign Ministry spokesperson Lin Jian stated that China's export policies “comply with international common practices, are non-discriminatory, and are not targeted at any specific country.” He emphasized Beijing’s readiness to maintain the stability of global supply chains and expressed openness to dialogue and cooperation regarding its export controls.
The response follows a New York Times report earlier this week that Washington had halted some critical technology exports to China, citing national security concerns and retaliating against Beijing’s decision to restrict exports of strategic minerals to the U.S., including rare earths essential for electronics and defense technologies.
Lin accused Washington of misusing national security rhetoric to justify economic restrictions, saying:
“The relevant practices of the United States are generalising the concept of national security, politicising and instrumentalizing economic, trade and technological issues, and maliciously blocking and suppressing China.”
He added that China “firmly opposes this” and will “resolutely safeguard its legitimate rights and interests.”
Background and Implications
Rare earth elements, crucial for manufacturing semiconductors, renewable energy components, and military hardware, have become a strategic flashpoint in the ongoing U.S.–China trade and tech rivalry. China is the dominant global supplier of these materials, and any disruption to their supply reverberates across multiple industries worldwide.
The latest developments reflect an escalating tit-for-tat dynamic between the world’s two largest economies. Analysts warn that continued restrictions from either side could further destabilize already fragile global supply chains, impacting industries from clean energy to telecommunications.
While both countries have signaled a willingness to engage in talks, neither has announced formal plans for high-level negotiations on the issue. As export restrictions and countermeasures mount, the global economic community is watching closely for signs of de-escalation—or deeper decoupling.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for 27 June, covering the latest developments you need to know.
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