PIIE’s Lovely Discusses China’s Rare Earth Dominance and US Trade Leverage

Mary Lovely, Senior Fellow at PIIE, emphasizes that China's dominance in rare earth production gives Beijing significant leverage in trade issues with the US. This statement was made during an interview with Stephen Engle at the Bund Summit in Shanghai.

The discussion highlights the strategic importance of rare earth elements in the context of US-China trade relations, underscoring the challenges faced by the US in negotiating trade terms with China due to its control over these critical resources.