China has more weapons in US tariff war - but do they work? [FOX Business Network]
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Source: FOX Business Network
China has more weapons in US tariff war - but do they work? Image 1 of 2 ? FILE - In this Saturday, March 23, 2019, file photo, Apple CEO Tim Cook waves as he arrives for the Economic Summit held for the China Development Forum in Beijing, China. Few U.S. companies are more vulnerable to a trade war with China than Apple. The company relies on factories in China to assemble the iPhones that generate most of its profits; it has also cultivated a loyal following in the country. (AP Photo/Ng Han Guan, File) Looking for ways to hit back at Washington as a tariff fight escalates, President Xi Jinping and his economy czar visited a Chinese factory that processes rare earths - exotic minerals used in electric cars, mobile phones and other technology. Continue Reading Below Rare earths are "an important strategic resource," the official Xinhua Agency cited Xi as saying. The message was clear: China's role as the main global supplier of rare earths used in smartphones, lightweight magnets, ba
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