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Latest developments in the China-U.S. trade war: Rare Earths vs. Chips, who will surrender first?

The toughest negotiations of 2025 have begun in London! The China-U.S. delegations faced off on June 9, focusing on three core issues:

1️⃣ Tariff melee

The U.S. wants to cut subsidies for Chinese electric vehicles, and China retaliates by tightening rare earth exports. Tesla's stock plummeted 14%, and U.S. automakers lament "without rare earth magnets, factories will shut down!"

2️⃣ Technology stranglehold

The U.S. is adamantly pursuing chip restrictions, while China scoffs: "Your California rare earth mines still need to be transported to China for refining!" Both sides exchanged harsh words, but quietly issued temporary export permits behind the scenes.