CNBC: ‘Don’t say we didn’t warn you’: A phrase from China signals the trade war could get even worse
* “We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!” the People’s Daily said in a commentary titled “United States, don’t underestimate China’s ability to strike back.”
* The phrase “Don’t say we didn’t warn you” has been used by the People’s Daily in 1962 before China’s border war with India and ahead of the 1979 China-Vietnam War.
* China threatened it would cut off rare earth minerals as a countermeasure in the escalated trade battle. The materials are crucial to the production of iPhones, electric vehicles and advanced precision weapons
The biggest Chinese newspaper explicitly warned the U.S. on Wednesday that China would cut off rare earth minerals as a countermeasure in the escalated trade battle, using a history-laden expression the publication has used ahead of full-on wars.
“We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!” the People’s Daily said in a commentary titled “United States, don’t underestimate China’s ability to strike back.” The publication is the official newspaper of the Communist Party of China.
Read more ....
China Threatens To Use Rare Earths In Its Trade War With The U.S.
Trade War Tensions Rise As China Threatens Rare-Earth Export Ban -- Investors.com
China Ready to Weaponize Rare Earths in Trade War -- Money Markets
China has been dropping hints that it will weaponize its rare earths as a trade-war tactic. Here's why it probably won't follow through. -- Business Insider
Rare earths could be the next front in the US-China trade war. Here's what you should know -- Sherisse Pham and Julia Horowitz, CNN Business
