Keep pulling the thread on Weekend Listen.
China has ordered its companies to disregard U.S. sanctions on private refiners involved in trading Iranian oil.
China's use of its control over critical minerals during the trade war successfully pressured the U.S. to negotiate, leading to a pause and the Busan meeting.
Research by Bloomberg Economics analysts Nicole Gorton Caratelli and Chris Kennedy found that 4% of U.S. GDP, equivalent to $1.2 trillion, is implicated in the use of rare earth minerals.
According to Bloomberg Economics research, approximately 1.5% of the U.S. GDP implicated by rare earths cannot be substituted, as China is the sole source for those specific minerals.
Chinese President Xi Jinping has removed most of his top generals, suggesting significant internal political turbulence.
The blockade of the Strait of Hormuz is negatively affecting a major source of energy imports for China.
In the past, Chinese state-run banks have complied with U.S. sanctions to avoid being cut off from the U.S. dollar system.
Senator Marco Rubio stated that U.S. sanctions are not symbolic and will be enforced.
China is actively collecting data from companies that import its critical minerals regarding their specific end-uses.
The United States has ongoing Section 301 investigations and has stated its intention to rebuild a tariff wall against China.
There is significant pent-up demand in China for Boeing airplanes, and a new purchase deal is considered likely to be finalized.
By potentially placing a large order with Boeing, China gains negotiating leverage against its other major aircraft supplier, Airbus.