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China Halts Exports of Key High-Tech Materials to US in Retaliation for Chip Sanctions

  • China has banned exports to the U.S. of gallium, germanium, and antimony, citing national security concerns and potential military applications, according to its Commerce Ministry.
  • The directive requires stricter review of end-usage for graphite items shipped to the U.S., effective immediately.
  • The export curbs are part of an escalation of trade tensions between China and the U.S. ahead of President-elect Donald Trump taking office.
  • China's Commerce Ministry protested the U.S. expansion of export controls on Chinese companies and stated it would act to protect China's 'rights and interests.
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China is not short of options when it comes to critical minerals that could be used as a currency in a trade war with the United States. Beijing’s Tuesday ban on sales to the United States of gallium, germanium, antimony and ultra-hard materials, as well as tighter controls on graphite, is probably a first move in export restrictions, which could be extended to dozens of specialized materials if trade tensions with Washington worsen."This could …

·Madrid, Spain
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Portfolio.hu broke the news in on Tuesday, December 3, 2024.
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