By Breitbart. The trade war is quickly becoming a rare earth war–at least in the rhetoric of Chinese state media.
The often belligerently nationalist Global Times, controlled by the Chinese Communist Party, called on China to cut-back on rare-earth licenses and “tighten management’ of foreign-invested companies as first steps to “weapons the minerals.” . . .
From the Global Times:
The crackdown on rare-earth smuggling makes it possible for China to weaponize the minerals in an escalation of the trade war. Now China needs to tighten management of rare-earth enterprises, especially foreign-invested companies, to make smuggling absolutely impossible.
Rare-earth minerals are important strategic resources but China had never thought of using the minerals as leverage to hit the US. The trade war is prompting China to rethink its rare-earth strategy and make quick adjustments. Once merely an economic sector, rare earths have become a counter weapon for China to hit back at the US. There is a lot of work to be done, and cracking down on smuggling is only the first step in weaponizing the sector.
(Read more from “Chinese State Media: Crackdown on Smuggling Is ‘First Step in China-US Rare-Earth War'” HERE)
‘Don’t Say We Didn’t Warn You’: A Phrase from China Signals the Trade War Could Get Even Worse
By CNBC. The biggest Chinese newspaper explicitly warned the U.S. on Wednesday that China would cut off rare earth minerals as a countermeasure in the escalated trade battle, using a history-laden expression the publication has used ahead of full-on wars.
“We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!” the People’s Daily said in a commentary titled “United States, don’t underestimate China’s ability to strike back.” The publication is the official newspaper of the Communist Party of China.
The phrase “Don’t say we didn’t warn you” has been used before by the People’s Daily in 1962 before China’s border war with India and ahead of the 1979 China-Vietnam War. (Read more from “‘Don’t Say We Didn’t Warn You’: A Phrase from China Signals the Trade War Could Get Even Worse” HERE)