Xi’s roar back to US trade curbs exposes rocky path to deal
Published on: Oct. 12, 2025, 12:18 p.m. | Source: The Economic Times
China's retaliatory export controls on rare earths have escalated a trade war with the US, prompting threats of doubled tariffs and software curbs. This tit-for-tat spiral highlights the difficulty in reaching a trade deal, as Beijing draws red lines on critical technology restrictions. Both nations face significant economic stakes, making a negotiated settlement likely.
