Analysts say the Chinese Communist Party’s tariff reduction on the key raw materials is aimed at increasing its military production and geopolitical influence.
Rights activist Li Yingzhi referenced a saying by Chinese sage Lao Tzu: ‘If the people do not fear death, what use is there in threatening them with death?’
‘The tariff increases announced today will further blunt the harmful policies and practices’ by the Chinese regime, said the U.S. Trade Representative.
Economic factors, regulatory hurdles, and geopolitical tensions are the main factors contributing to the challenging environment, a business lobby group said.
The ban on exports of germanium, gallium to the U.S. market comes a day after Washington tightened restrictions on Beijing’s access to advanced semiconductors.
The trip aims to lay the foundation for a new U.S. approach to Africa in response to growing communist Chinese influence on the continent, an official said.