Miscellaneous News

[manqiangrexue]

So for rare-earth climb down China only gets US to climb down from the 50% rule for 1 year. That sounds like China Chickening out. After firing the big RE gun, I thought China would get bigger concessions. But no. Now US gets 1 year to stockpile Rare Earths.

LOL You believed you would get a satisfying Chinese middle finger to the US, tell them to kneel on TV and hand over the right to rewrite the US constitution to China in exchange for rare earths? Don't be naive; the endgame is shaping up but it's not as short and sweet as that.

Chickened out of what? The US tariffing itself into another quarterly contraction? America has no cards left and it has no concessions that China wants. This is an on-paper relaxation of the newest written rules while rare earth acquisition was actually restricted, though not banned, for months. No stockpiling can occur under the trickle speed that exports will be allowed. If anything, production will still be stalled with shortages, though no complete cutoffs. This is China leading the US on, making them think there's hope so they don't decide to go out with a WWIII bang. This is telling them to shush and go quietly without kicking and struggling too much while being slowly suffocated.

 

[Chevalier]

https://twitter.com/i/web/status/1983704240691564995

This is akin to the southern song having to recognise the Liao dynasty.

Also, Indians are in hysterics from all of this.

 

[doggydogdo]

Pretty sure the 24% is an extension of the previously agreed truce.

Honestly, I'm disappointed in China, they should have at least tried to get some foreign policy concessions. China is basically letting US bully Venezuela and Palestine without push back

 

[FriedButter]

Honestly, I'm disappointed in China, they should have at least tried to get some foreign policy concessions. China is basically letting US bully Venezuela and Palestine without push back

Since when was China responsible for Venezuela and Palestine.

 

[Nevermore]

China's demand is to completely halt the trade war and return to the state at the beginning of the year. Beyond that, there are no other demands. I had expected China to seek more.

 

[Overbom]

https://twitter.com/i/web/status/1983801061187207235

https://twitter.com/i/web/status/1983797137419768086

https://twitter.com/i/web/status/1983764895654146488

Official Chinese readout is out. If no relaxation on chip controls, China L

You trade Rare Earth export control for Chip export control. Not for just a single BIS rule

This makes more sense now, so in total 34% would be removed, from 57% tariff to 23% on China.

No. It's 10% removal. 24% was already suspended from before. So in the real world, it's 10% removal

 

[ansy1968]

Honestly, I'm disappointed in China, they should have at least tried to get some foreign policy concessions. China is basically letting US bully Venezuela and Palestine without push back

You need to choose your battle,

From Sun Tzu

"He will win who knows when to fight and when not to fight" and "There is no instance of a nation benefiting from prolonged warfare".

 

[huemens]

So for rare-earth climb down China only gets US to climb down from the 50% rule for 1 year. That sounds like China Chickening out. After firing the big RE gun, I thought China would get bigger concessions. But no. Now US gets 1 year to stockpile Rare Earths.

No. the Rare Earth rules from before are still there. Previous rules still have restriction on quantity and licensing requirements. They only suspended the additional rules from October 9, which are a direct retaliation to US 50% rule.

 

[doggydogdo]

Since when was China responsible for Venezuela and Palestine.

It's not but it should at least try to prevent war. Notice how Americans and their European puppets say that no sides should change the "status quo by force in Taiwan" even though Taiwan is literally seen as part of China. China could at least use that type of language to push back a bit on blatant imperialist and extrajudicial killings

 

[FriedButter]

Are people just cherry picking what they are reading now? Rare Earth export controls have not been lifted. Only the October 9th provisions have been suspended.

And the people whining about the US going to stockpile rare earths for another year. Do you have short term memory and completely forgot what FT posted 2 months ago.

Beijing is warning buyers they are at risk of greater supply restrictions if they stockpile rare earths and derived products such as magnets used in electric motors, according to two people familiar with the matter.

The other person said Chinese authorities were deliberately limiting approved export volumes to prevent foreign stockpiling. “This will be a leverage point from now on,” they said.

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