For a better understanding of the other side, this is a must read/Earnings

After reading the statement from US Trade Rep Jamieson Greer that “China’s recent retaliatory actions against private companies across the globe is part of a broader pattern of economic coercion to influence American politics and control global supply chains by discouraging foreign companies from investing in America’s shipbuilding and other critical industries,” I felt that he doesn’t get it with respect to the relationship with China in the sense that China is responding to many years of feeling slighted by export controls by the US.

As I do subscribe to the South China Morning Post, nothing reflected better the thinking of China than this essay written by Winston Mok, a private investor and I repeat it here. Getting an understanding of the thinking of the other side makes this a must read I believe and hopefully a deal can be had. I bolded the whole thing:

“China’s export control regime on rare earths isn’t retaliation for recent US restrictions - it’s a response to overall US policy. After a video call last Saturday, US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng are expected to meet in Malaysia this week to hopefully ease tensions before US President Donald Trump and President Xi Jinping potentially meet on the sidelines of this year’s Apec summit. The meeting was in doubt when Trump threatened to impose an additional 100 per cent tariff on China, despite later relenting that it might not be sustainable. Washington blamed Beijing for the escalation, attributing China’s behaviour to its own economic problems. China in turn held the US responsible for the escalation, citing how the US Commerce Department tightened restrictions on affiliated subsidiaries of Chinese companies on the entity list on September 29.