China gains leverage in U.S.–China trade dispute

A trade standoff between the United States and China wrapped up last October with Beijing walking away in a stronger position, showing how the Asian giant continues to gain power in world trade. When former President Trump sat down with President Xi in South Korea, the two leaders struck a deal to put their trade fight on hold for a year. China gains leverage in U.S.–China trade dispute The agreement showed China can push back against economic pressure from Washington while keeping a tight grip on crucial manufacturing supplies. Beijing made it clear that American businesses could face limits on rare earth elements, materials that go into everything from smartphones to military gear. Joerg Wuttke from DGA Group said the deal could help China boost its share of global manufacturing from around 30 percent up to 40 percent . “They’re telling other countries, don’t mess with us, don’t compete with...

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