Washington: U.S. Trade Representative Jameson Greer stated that the United States is hopeful China will not proceed with new export restrictions and will maintain the supply of rare earth minerals. This statement comes amid growing tensions between the two nations.

According to Yemen News Agency, China's Ministry of Commerce announced on October 9 its plan to impose export controls on several goods, including medium and heavy rare earth elements, lithium batteries, synthetic graphite anode materials, and rare earth mining and processing equipment, effective November 8. This decision has prompted concerns over the potential impact on global supply chains.

In reaction to China's announcement, U.S. President Donald Trump declared on October 10 that the United States would respond by imposing 100% tariffs on Chinese imports, starting November 1 or earlier. Trump justified this action by pointing to what he described as China's aggressive trade stance.

U.S. Treasury Secretary Scott Beasant mentioned on Monday that Washington might consider delaying the new tariffs to provide an opportunity for discussions between the leaders of both countries. This delay aims to facilitate negotiations and potentially ease trade tensions.

Earlier on Wednesday, Kevin Hassett, Director of the White House National Economic Council, emphasized that despite the escalating situation concerning rare earth materials, the relationship between President Trump and Chinese President Xi Jinping remains strong.