#USChinaTensions trade war continues

The trade war between Washington and Beijing has escalated: China has stopped exporting critical minerals needed for everyday technology.

There are no exports to the U.S.

The New York Times reports that China has halted the shipment of rare earth minerals to the United States as the Beijing government develops a new regulatory system.

The rare earth monopoly in China

These restrictions include six types of rare earth metals that are refined exclusively in China, in addition to rare earth magnets, of which 90% is produced in China.

Many industries will be affected

According to The New York Times, the suspension of these exports impacts automobile manufacturers, aerospace manufacturers, semiconductor companies, and military contractors.

A response to tariffs

The New York Times highlights that Beijing's decision is a response to the rising tariffs imposed by the Trump administration on Chinese products.