😐➰😞 Several trillion have been drained from the markets, and then what? De-escalation.
• The Ministry of Commerce of China clarified that the export control of rare earth metals is not a ban - suitable applications will continue to receive licenses. The agency is confident that the new measures will have minimal impact on global production and supply chains.
ℹ️ However, China stated that it "is not afraid" of a trade war with the US after Trump imposed 100% tariffs on Chinese goods. Beijing does not seek conflict but has warned of "decisive measures" to protect its interests if Washington does not "correct its wrong practices".