China commerce ministry:
- Responds to US saying it has proposed to talk with China after rare earths restrictions
- US cannot have talks while threatening to intimidate and introduce new restrictions, which is not right way to get along with China
- Urges US side to correct its ‘wrong practices’ as soon as possible, show sincerity in talks with China
- Two sides have maintained communication under the framework of the China-US economic and trade consultation mechanism
- On Monday, also held working-level talks with the US
The key take away here is that the two sides held talks on Monday! While tensions might be high, its not stopping some progress being made it would seem.
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China’s Commerce Ministry said it notified the U.S. in advance of its new rare earth export controls and confirmed working-level talks on Monday. The ministry criticized Washington for “threatening and imposing new restrictions” while seeking dialogue, urging the U.S. to correct its actions and show sincerity. Both sides remain in contact through existing trade consultation channels.
