US EditionChina's Rare Earth Export Ban Broadens; US Vows Strong Retaliation
- China announced that foreign entities must obtain special licenses to export products with more than 0.1% of rare earth metals starting December 1.
- Beijing's export restrictions could impact major companies like Apple and Tesla, as experts consider it a bargaining chip in trade talks with the U.S.
- The U.S. stock market saw a surge in rare earth mining companies' shares after a retaliatory tariff on Chinese goods was announced.
- Experts warn that these restrictions could lead to higher prices for tech products and threaten U.S. military supply chains.
24 Articles
24 Articles
The new Washington-Beijing confrontation threatens to reignite the trade war, as the two sides exchange threats of tariffs and restrictions on rare earths, with global economic repercussions.
China accuses US of ‘double standards’ over tariff issue
BEIJING: Striking a conciliatory tone, President Donald Trump said the US wants to help China, not hurt it, after China accused the United States of “double standards” in response to the US warning about an additional 100 per cent tariff on the world’s second-largest economy. Trump reignited his trade war with China on Friday, accusing Beijing of imposing “extraordinarily aggressive” new export curbs relating to rare earths. He announced extra l…
China Keeps US Communication Lines Open After Clash Over Curbs
China dismissed complaints from the US that it didn’t respond to inquiries over its latest export curbs on rare earths, saying Beijing has been maintaining communications over trade issues despite recent tensions.
The trade war is escalating: China has announced controls on the export of rare earth minerals, and the US is responding with 100% tariffs.
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