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China doubles down. Pull back US-private equity investments. Halt new investments in US PE firms. Withdraw planned commitments. Avoid US-linked deals
- Thread starter ReasonableMatic
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@TripleAgentALL PAAGS MATTER
reuters.com
Unknown Author
April 22, 20256:52 AM EDT
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SEOUL, April 22 (Reuters) - Beijing recently asked South Korean companies not to export products containing China's rare earth minerals to U.S. defense firms, the Korea Economic Daily reported on Tuesday, citing government and company sources.
The report said China's commerce ministry delivered the message in letters to Korean companies which make power transformers, batteries, displays, electric vehicles, aerospace and medical equipment, all of which use the key materials.
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The letters said Korean companies could face sanctions if they violate the export restrictions, the report said.
South Korea's Industry Ministry was not immediately available for comments outside business hours.
Early this month, China placed export restrictions on rare earth elements as part of its sweeping response to U.S. President Donald Trump's tariffs, squeezing supply to the West of minerals used to make weapons, electronics and a range of consumer goods.
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China asks Korea not to export products using rare earths to US defense firms, paper reports
Unknown Author
April 22, 20256:52 AM EDT
Purchase Licensing Rights, opens new tab
SEOUL, April 22 (Reuters) - Beijing recently asked South Korean companies not to export products containing China's rare earth minerals to U.S. defense firms, the Korea Economic Daily reported on Tuesday, citing government and company sources.
The report said China's commerce ministry delivered the message in letters to Korean companies which make power transformers, batteries, displays, electric vehicles, aerospace and medical equipment, all of which use the key materials.
The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.
The letters said Korean companies could face sanctions if they violate the export restrictions, the report said.
South Korea's Industry Ministry was not immediately available for comments outside business hours.
Early this month, China placed export restrictions on rare earth elements as part of its sweeping response to U.S. President Donald Trump's tariffs, squeezing supply to the West of minerals used to make weapons, electronics and a range of consumer goods.
Our Standards: The Thomson Reuters Trust Principles., opens new tab
thehill.com
Filip Timotija
2–3 minutes
China canceled 12,000 metric tons of United States pork shipments amid a high-stakes trade standoff between the superpowers, according to data released Thursday.
China, one of the biggest U.S. trading partners, axed 12,000 metric tons of U.S. pork orders, the data from the U.S. Department of Agriculture (USDA) shows.
The move represents the biggest cancellation of pork orders since the COVID-19 pandemic disrupted supply chains and stalled economies around the world, Bloomberg News reported.
China, behind Mexico and Japan, was the U.S.’s third-biggest market for pork in 2024, importing some 475,000 metric tons valued at more than $1.1 billion.
China is the world’s biggest producer of pork, accounting for nearly 50 percent of global supply at around 57 million metric tons, according to the USDA. The U.S. was ranked third at 11 percent with 12 million metric tons.
President Trump shook the global trading system by imposing sweeping tariffs earlier this month on dozens of countries. He slapped a 145 percent tariff on Chinese goods coming into the U.S., prompting China to fire back with its own 125 percent duty.
China said Thursday that the U.S. is not engaged in talks to come up with a new trade deal, a characterization that Trump rejected later in the day.
“They had meetings this morning, and we’ve been meeting with China. And, so I think you have … as usual, I think you have your reporting wrong,” Trump told reporters Thursday.
After the tariff hikes, China inked two agricultural trade agreements with Spain, for pork and cherries, as Beijing looks to strengthen relations with European countries, Reuters reported.
U.S. pork imports are now facing a 172 percent tariff, the U.S. Meat Export Federation said, according to Bloomberg News.
Copyright 2025 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
China cancels 12,000 metric tons of US pork shipments
Filip Timotija
2–3 minutes
China canceled 12,000 metric tons of United States pork shipments amid a high-stakes trade standoff between the superpowers, according to data released Thursday.
China, one of the biggest U.S. trading partners, axed 12,000 metric tons of U.S. pork orders, the data from the U.S. Department of Agriculture (USDA) shows.
The move represents the biggest cancellation of pork orders since the COVID-19 pandemic disrupted supply chains and stalled economies around the world, Bloomberg News reported.
China, behind Mexico and Japan, was the U.S.’s third-biggest market for pork in 2024, importing some 475,000 metric tons valued at more than $1.1 billion.
China is the world’s biggest producer of pork, accounting for nearly 50 percent of global supply at around 57 million metric tons, according to the USDA. The U.S. was ranked third at 11 percent with 12 million metric tons.
President Trump shook the global trading system by imposing sweeping tariffs earlier this month on dozens of countries. He slapped a 145 percent tariff on Chinese goods coming into the U.S., prompting China to fire back with its own 125 percent duty.
China said Thursday that the U.S. is not engaged in talks to come up with a new trade deal, a characterization that Trump rejected later in the day.
“They had meetings this morning, and we’ve been meeting with China. And, so I think you have … as usual, I think you have your reporting wrong,” Trump told reporters Thursday.
After the tariff hikes, China inked two agricultural trade agreements with Spain, for pork and cherries, as Beijing looks to strengthen relations with European countries, Reuters reported.
U.S. pork imports are now facing a 172 percent tariff, the U.S. Meat Export Federation said, according to Bloomberg News.
Copyright 2025 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
ReasonableMatic
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Not good for sales