Latest news with #YuyuanTantian
Epoch Times
15-05-2025
- Business
- Epoch Times
China to Strengthen Strategic Minerals Control After US Trade Truce
China has announced a tightening of control over its strategic mineral resources, a move that comes days after trade talks with the United States that placed critical materials' export in the spotlight. In an online statement on May 14, China's Ministry of Commerce said Beijing would strengthen control over the entire supply chain of strategic minerals, including mining, processing, transportation, and exports. The comments were made two days after a high-level planning meeting in Changsha, a city in central China, to discuss supply chain controls on resources deemed tied to national interests. The meeting gathered officials from ten government agencies, including the customs administration and ministries of commerce, industry, and public security, alongside local regulators from seven provinces rich in strategic mineral deposits, such as Jiangxi and Inner Mongolia. According to the official readout, these agencies were required to 'closely track the flow of strategic minerals' and 'strictly prevent their illegal outflows.' China is the world's leading supplier of dozens of strategic minerals and holds Related Stories 4/23/2025 2/4/2025 In recent years, China has tightened its grip on various processed critical minerals, decisions largely viewed as a retaliatory response to Western restrictions on its access to advanced technology that often has military or dual-use applications. In December 2024, after the United States expanded its While analysts considered the impact of such a ban on the U.S. supply chain may be limited, given that In February, China's commerce ministry On April 4, China expanded its export control list by adding seven rare earth elements. The announcement came as the Chinese authorities unveiled a sweeping retaliation Following the surprise deal that China reached with the United States after two days of high-level meetings in Switzerland, the joint statement released on However, it remains unclear whether this applies to export restrictions concerning rare earth elements. During a regular briefing on that day, the foreign ministry skirted a question about lifting any of these export controls. 'For anything specific regarding the meeting, I'd direct you to China's readout and the joint statement from both sides,' Lin Jian, the ministry's spokesperson, told reporters in Beijing. Yuyuan Tantian, a social media account affiliated with state broadcaster CCTV, said in a post later that China's export controls on rare earths remain in place. On May 14, the commerce ministry released two separate statements, pausing measures that blacklisted 17 Americans and suspending restrictions against more than two dozen U.S. companies. So far, the ministry has not issued a statement indicating the lifting of restrictions on rare earth exports. Concerns over U.S. dependence on communist China's rare earth processing have grown in Congress. 'The Chinese Communist Party isn't just exporting minerals, it's exporting leverage,' Sen. Todd Young (R-Ind.) told the Senate finance committee on May 14. 'By controlling the midstream choke points of global mineral processing and using that power to restrict exports of rare earth elements, Beijing is effectively turning raw materials into raw geopolitical pressure,' he told the hearing on trade in critical supply chains.
The Hindu
01-05-2025
- Business
- The Hindu
U.S. has reached out to China to talk tariffs, state media says
The United States has approached China seeking talks over President Donald Trump's 145% tariffs, a social media account affiliated with Chinese state media said on Thursday (May 1, 2025), the latest report of possible moves towards negotiations on the levies. "The U.S. has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue," Yuyuan Tantian said in a post published on its official Weibo social media account, citing anonymous sources. Guo Jiakun, a spokesperson for China's Foreign Ministry, on Wednesday said: "as far as I know, there have been no consultations or negotiations between China and the U.S. on tariffs". Mr. Trump said in a U.S. media interview published last on Friday that his administration was talking with China to reach a tariff deal and that Chinese President Xi Jinping had called him. Beijing last week repeatedly denied such talks were taking place, accusing Washington of "misleading the public". Yuyuan Tantian is not among China's most authoritative state media outlets. The Global Times, which is owned by the newspaper of the governing Communist Party, People's Daily, has often been the first to report China's next steps in trade disagreements over the past few years. Mr. Trump said on Wednesday he belived there was a "very good chance" his administration could do a deal with China, hours after Mr. Xi called for China, the world's second-largest economy, to take action to adjust to changes in the international environment, without explicitly mentioning the United States.
ABC News
01-05-2025
- Business
- ABC News
A post by Chinese state media suggests Beijing may be willing to talk with the US about Donald Trump's tariffs
A Beijing-backed social media account says the United States has approached China to discuss tariffs, a move experts say might suggest an interest by Beijing to negotiate amid the trade war. "The US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue," Yuyuan Tantian said in a post published on its official Weibo social media account, citing anonymous sources. "Before the US takes any substantive action, China has no need to engage in talks with the US. " However, if the US wishes to initiate contact, there is no harm at this stage for China to engage. " "China needs to observe closely, even force out the US's true intentions, to maintain the initiative in both negotiation and confrontation," it concluded. Yuyuan Tantian is controlled by China Central Television (CCTV), one of the most prominent official media outlets run by Beijing. King's College London business lecturer Xin Sun told the ABC the language used in the post was important. "On one hand, it portrays the United States as more eager to negotiate with China than vice-versa," Dr Sun said. "On the other hand, it subtly signals China's openness to talks. This calculated ambiguity serves two political purposes: first, to shape public perception by constructing a narrative that the US is backing down and that China holds the upper hand; second, to lay the groundwork for potential future negotiations — since the US is backing down, engagements with it will be acceptable and reasonable." He said the "mixed signalling", which included "assertive and conciliatory messages" together allowed China's centralised political system to be flexible. "If all Chinese actors adopted a single, rigid tone, it would be more politically difficult for leaders to pivot when circumstances change. " China has always had strong incentives to negotiate with the US; the key is to avoid the appearance of yielding under pressure. " American officials optimistic US officials, including Treasury Secretary Scott Bessent and White House economic adviser Kevin Hassett, also expressed hope for progress in easing trade tensions. Mr Hassett told CNBC that there have been "loose discussions all over both governments" about the tariffs and China's easing of duties on some US goods last week was a sign of progress. Photo shows A composite image shows US President Donald Trump and China's Xi Jinping Analysts cast doubt on the US president's claim that the Chinese leader called him. Beijing has made little effort to contain its anger at the tariffs, which it says are tantamount to bullying and cannot stop the rise of the world's second-largest economy. Instead, it has focused on rallying public and global condemnation of the import curbs, showing no interest in a reprieve. However, China has quietly created a list of US-made products it will exempt from its retaliatory 125 per cent tariffs — including select pharmaceuticals, microchips and jet engines — Reuters has reported, to ease the impact of the levy. Scott Bessent mentioned no specific talks during a Fox Business Network interview, but said that high tariffs of 145 per cent on the US side and 125 per cent on the Chinese side needed to be de-escalated for negotiations to begin. Stock markets around the world have seen significant downturns since Donald Trump's tariff policy was unveiled. ( Reuters: Francis Mascarenhas ) "I am confident that the Chinese will want to reach a deal. And as I said, this is going to be a multi-step process," Mr Bessent said. "First, we need to de-escalate, and then over time, we will start focusing on a larger trade deal." Photo shows tariffs thumbnail Memes mocking the US President and his tariffs are going viral in China. He said that among the first steps would be to revisit China's failure to make good on purchase commitments for American goods made as part of Trump's 2020 "Phase 1" trade deal that ended his first-term trade war with Beijing. That deal called for China to increase purchases of American manufactured and agricultural products and services by $200 billion ($313b) annually over two years, but the COVID-19 pandemic hit just after its signing. Mr Bessent also said that "insidious" non-tariff trade barriers and intellectual property theft also would be part of negotiations over tariffs with China, adding: "Everything is on the table for the economic relationship." Dr Sun said what happens next could come down to the US's next move. "What will happen next depends on how the US side responds. Should Trump continue to de-escalate, more substantive engagements may follow," he said. Chinese exporters struggling with tariffs Once the US president's tariffs topped 35 per cent they became prohibitively high for Chinese exporters. Nomura Securities said that some 16 million Chinese people could lose their jobs once the long-term ripple effects of a 50 per cent drop in Chinese exports to the US work their way through the economy. Photo shows Side profile of Donald Trump in a white baseball cap In Donald Trump's world, deficits are always bad and surpluses are always good. But it ignores how the US economy has powered its way to global domination. Mr Bessent said the pressure was on China because it is more dependent on exports to the US than vice-versa. "They sell us about five times more than we sell them. So their factories are closing down as we speak," he said. "We're going into the holiday season. Orders are placed for that now. So if those orders aren't placed, it could be devastating for the Chinese." Still, Beijing has been adamant it will stand and fight, rather than rush to the negotiating table — with the foreign ministry likening yielding to Trump's tariffs to "drinking poison". Donald Trump said in a US media interview published last Friday that his administration was talking with China to reach a tariff deal and that Chinese President Xi Jinping had called him. Beijing last week repeatedly denied such talks were taking place, accusing Washington of "misleading the public". Guo Jiakun, a Chinese foreign ministry spokesperson, said on Wednesday: "As far as I know, there have been no consultations or negotiations between China and the US on tariffs." Chinese officials have consistently stated that Beijing is open to talks, with the caveat that "dialogue and negotiation must be based on equality, respect and mutual benefit". Mr Trump said on Wednesday he believed there was a "very good chance" his administration could do a deal with China, hours after President Xi called on officials to take action to adjust to changes in the international environment, without explicitly mentioning the United States. Reuters/ABC
LBCI
01-05-2025
- Business
- LBCI
US reached out to Beijing for talks on tariffs: Chinese state media reports
The United States has approached China seeking talks over President Donald Trump's 145% tariffs, a social media account affiliated with Chinese state media said on Thursday, the latest report of possible moves towards negotiations on the levies. "The U.S. has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue," Yuyuan Tantian said in a post published on its official Weibo social media account, citing anonymous sources. Reuters
Time of India
01-05-2025
- Business
- Time of India
US-China tariff standoff: US 'proactively' reaching out to China for talks, claims state media
The United States has tried reaching out to China, seeking discussions over President Donald Trump's massive 145% tariff , a social media account linked to Chinese state media has claimed. According to a Reuters report, a Weibo post by Yuyuan Tantian, claimed that 'the US has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue. ' The post, citing anonymous sources, hinted at a notable development after weeks of vocal condemnation by China, in an ongoing bitter trade standoff. It said that China has no need to engage in talks with the US, before the latter takes any substantive action. However, it also added that in case the US wishes to initiate contact, 'there is no harm at this stage for China to engage." The post, quoted by Reuters further said that China should closely observe the situation and, if necessary, force out the true intentions behind efforts to maintain control over both negotiation and confrontation. Beijing has long been criticising the duties, describing them as economic bullying and a deliberate attempt to suppress China's growth. Earlier, China's foreign ministry had also accused the United States of deliberately trying to isolate it by pressuring other countries to curb trade ties with Beijing, describing the tactic as a '90-day pause game.' So far, it has responded more with defiance than diplomacy, rallying domestic and international opposition to the measures. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo However, behind the scenes, China also began quietly exempting certain US goods, such as pharmaceuticals, semiconductors, and jet engines, from its own retaliatory 125% tariffs, according to news agency Reuters. The move was aimed towards safeguarding its domestic firms from the tariff blow while maintaining a firm public stance. Trump's tariffs became a major hurdle for Chinese exporters once they surpassed 35%, with analysts at Nomura Securities warning of serious long-term fallout. They also estimated that a 50% cut in exports to the US could put as many as 16 million Chinese jobs at risk. Despite its tough public stance, China's recent moves, such as exempting select US goods from its tariffs and the Yuyuan Tantian post suggesting tariff discussions hint at a more cautious, measured approach. Chinese officials, meanwhile, remain publicly defiant. A foreign ministry spokesperson, Guo Jiakun, told reporters on Wednesday, 'as far as I know, there have been no consultations or negotiations between China and the US on tariffs.' Trump suggested a deal may be on the horizon believing that there was a 'very good chance' his administration could strike a deal with China. Speaking to US media previously, he said that talks were underway, claiming that Chinese President Xi Jinping had called him. The claim was flatly denied by Beijing and accused Washington of 'misleading the public'. Nonetheless, China has maintained that it is open to dialogue, on the condition that any negotiations are based on 'equality, respect and mutual benefit.' Whether Washington's outreach meets that bar remains to be seen. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
