The Daily

Is China Beating Trump?

697 snips
Oct 29, 2025
Keith Bradsher, the Beijing bureau chief for The New York Times and an expert on China's economy, dives into the escalating U.S.–China trade standoff. He discusses China's recent restrictions on rare-earth exports, which could disrupt global supply chains. Bradsher highlights key negotiation points like soybeans and semiconductors, and warns of serious implications for the U.S. and Europe. He also predicts that the upcoming Trump-Xi talks may yield only temporary agreements, emphasizing China's strategic timing and potential risks in the long run.
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INSIGHT

Negotiations Center On Four Big Issues

  • Key disputes include soybeans, fentanyl precursor chemical exports, semiconductor access, and pressure over Taiwan.
  • Rare earth metals loom as an overarching bargaining chip affecting many industries and military supplies.
INSIGHT

China Tightens Rare-Earth Controls

  • China expanded export controls on rare earths on October 9, adding patent and equipment limits and broader material coverage.
  • The rules make it much harder for the West to build mines, refineries, or magnet factories independent of China.
INSIGHT

A New Combo Of Tech And Resource Leverage

  • China's restrictions combine high-tech export controls with raw-material embargo tactics similar to the 1973 oil embargo.
  • This dual approach aims to control both inputs and downstream products globally.
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