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Reply to "China Suspends Export of Critical Rare Earth Minerals"
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[quote=Anonymous][quote] China has halted exports of critical minerals and magnets needed to make everything from cars, drones, missiles and semiconductors amid an escalating trade war between the world’s two biggest economies, according to a report. China has ordered restrictions on exports of six rare earth metals refined only within its borders, according to a report by the New York Times Sunday which mentions a U.S. a chemicals supplier suffering restrictions. Restrictions also included rare earth magnets, of which 90% are made in China, and shipments have already been halted at many Chinese ports. The critical metals, and the magnets made using them, can now only be exported out of China with a special license, according to the report. Beijing is currently drafting a new regulatory system that could permanently prevent components from reaching American companies.[/quote] https://www.barrons.com/livecoverage/trump-tariffs-us-china-news-0414/card/china-suspends-export-of-critical-rare-earth-minerals-key-for-smartphones-says-report-p1iBo6SYFdegQrIyjywb This is going to cause problems. When will Trump fold on this? [/quote]
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