China Says 'Will Not Sit Idly by' Amid U.S. `Bullying'

The transcript discusses the escalating tensions between the US and China, focusing on the US's potential blacklisting of Huawei and other suppliers, and China's possible retaliatory measures. The Chinese ambassador to the EU criticizes the US's actions as politically motivated and an abuse of export control measures. China may leverage its control over rare earths as a form of retaliation, which could impact both Chinese and American companies. The trade war is expected to have significant economic consequences for both nations.

What potential measures could China take in retaliation against the US?

What historical context is provided regarding China's export restrictions on rare earths?