Global trade is moving fast, but this time, it’s not excitement—it’s tension. The world’s two economic giants, China and the U.S., are on the brink of a new trade war. China has launched an investigation into Google while imposing export controls and tariffs on key U.S. industries.
China’s Strategic Move: Restrictions on Critical Metal Exports
At the break of dawn, Beijing made a major announcement: export restrictions on 25 rare metal products and technologies! Tungsten, tellurium, molybdenum, bismuth, and indium are essential elements for many industries worldwide. Without these, electric vehicles, semiconductors, and military technologies could face serious disruptions.
This move serves as a warning to Western companies: never underestimate the innovation power of Chinese engineers and scientists!
Google Under Investigation: Accused of Monopoly Practices
But China’s strategy isn’t just about export restrictions. The State Administration for Market Regulation has launched an official investigation against Google for allegedly violating China’s Anti-Monopoly Law. This is seen as a reflection of China’s efforts to strengthen its technological independence.
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And Google is not alone! U.S.-based companies PVH and Illumina are also under scrutiny and could face sanctions.
Heavy Tariffs on the U.S.: Trade Balance in Turmoil
It remains to be seen how Washington will respond to these developments, but China’s new tariff measures could put several U.S. industries under pressure.
- A 15% tariff on coal and liquefied natural gas (LNG).
- A 10% tariff on crude oil, agricultural machinery, and large-volume automobiles.
These actions signal a major shake-up in global markets. China’s latest moves are not just trade war tactics but strategic steps shaping the future of the global economic order.
How will the U.S. respond? Is the trade war entering its next phase? The world is watching, holding its breath…
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