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“In terms of supply chains, we’re not where we want to be today,” said U.S. Trade Representative Catherine Doi. CNBC. Tai warns of China’s monopoly on rare earths.
Why is this important?
Rare earth metals are used for many technological products. For example electric cars and chips. Over the years, China has increased its production capacity, pricing out the Middle Kingdom more and more.“What I want to draw your attention to is not only the implications surrounding China’s foreign investment, but China’s dominant position in the world market. [zeldzame aardmetalen] Now that means being able to turn the faucet on or off.”
U.S. Trade Representative Kathryn Doi said in an interview with CNBC.
Tai refereed on the sidelines of a P20 tournament in New Delhi, India. It is the official trade forum of the G20 countries
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