Why China curbing rare earth exports is a huge blow to the US

As the trade war continues to escalate, China has hit back at Trump by suspending exports of rare earth minerals.

British Broadcasting CorporationWatch LiveHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveHomeNewsIsrael-Gaza WarWar in UkraineUS & CanadaUKUK PoliticsEnglandN. IrelandN. Ireland PoliticsScotlandScotland PoliticsWalesWales PoliticsAfricaAsiaChinaIndiaAustraliaEuropeLatin AmericaMiddle EastIn PicturesBBC InDepthBBC VerifySportBusinessExecutive LoungeTechnology of BusinessFuture of BusinessInnovationTechnologyScience & HealthArtificial IntelligenceAI v the MindCultureFilm & TVMusicArt & DesignStyleBooksEntertainment NewsArtsArts in MotionTravelDestinationsAfricaAntarcticaAsiaAustralia and PacificCaribbean & BermudaCentral AmericaEuropeMiddle EastNorth AmericaSouth AmericaWorld’s TableCulture & ExperiencesAdventuresThe SpeciaListEarthNatural WondersWeather & ScienceClimate SolutionsSustainable BusinessGreen LivingAudioPodcastsRadioAudio FAQsVideoLiveLive NewsLive SportHomeNewsSportBusinessInnovationCultureArtsTravelEarthAudioVideoLiveWeatherNewslettersWhy China curbing rare earth exports is a blow to the US 15 hours agoShareSaveAyeshea PereraAsia digital editorReporting fromSingapore ShareSaveGetty ImagesNeodymium is used to make the powerful magnets used in loudspeakers and computer hard drivesAs the trade war between China and the US escalates, attention has been focused on the increasingly high levels of tit-for-tat tariffs the two countries are imposing on one another.

But slapping reciprocal tariffs on Washington is not the only way Beijing has been able to retaliate.

China has now also imposed export controls on a range of critical rare earth minerals and magnets, dealing a major blow to the US.

The move has laid bare how reliant America is on these minerals.

This week, Trump ordered the commerce department to come up with ways to boost US production of critical minerals and cut reliance on imports - an attempt by Washington to reclaim this critical industry. But why exactly are rare earths so important and how could they shake up the trade war?

https://www.bbc.com/news/articles/c1drqeev36qo


Post ID: caeac158-af76-4869-b08c-21ec78176bef
Rating: 5
Created: 4 weeks ago
Your ad can be here
Create Post

Similar classified ads


News's other ads