The USA and China are negotiating in Europe
In London Trade negotiations of China and the United States are underway. Both countries want to reach an agreement on customs duties and trade in rare land metals. American trade secretary Howard Lutnick announced that the talks are going on in a good atmosphere. According to unofficial information Washington will relax restrictions in the export of AI chips to China.
China and the USA suffer from a trade war
Beijing and Washington must communicate in the matter of customs tariffs, after the war China was declared by the new American administration. Clays soared to a level in which the export of goods in both sides It would become unprofitable. Export of Chinese goods to the USA in May this year He dropped by almost 35 percent. This is the biggest decrease since the pandemic times. China almost They completely limited exports to the USA of rare lands. These are used in high technology industry.
China has chained the world
In April, Beijing suspended the export of a wide range of metals of rare lands and key magnets in the production of semiconductors, cars, aircraft and military equipment. China in this way exert pressure in the trade war with Donald Trump, which they can afford in the connection They extract 90 percent rare lands. Exports from the Middle Kingdom requires a special permit. Of the hundreds of applications for a license submitted in April, only every fourth was approved.
Problems of car manufacturers
The European Association of Automotive Parts (Calepa) has already announced that several production lines has been closedbecause they ended up the accumulated inventory of rare lands. Many companies are lobbying at their rule, demanding a quick solution to problems, because some companies have sufficient supplies only for a few weeks or months.
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Sources: IAR, Next.gazeta.pl