China continued its hard line rhetorics on the topic of US-China trade war. Commerce industry repeated the pledge to fight till the end if US keeps escalating tensions. And China will firmly defend its own national interests. There is no indication of more talks as China said US sincerity is in doubt.
In addition to the usual stuffs, the Commerce industry also said China is willing to meet reasonable demand for rare earths from other countries. Though, it would be unacceptable that countries using Chinese rare earths to manufacture products would turn around and suppress China.
Separately, it’s reported that China has halted soy purchases from the US already. Government data indicates China bought about 13 million metric tons of US soybeans since December. While there is no cancellation of previous orders, there is no further orders to continued the so called goodwill buying.
