China won First round of trade war with U.S., analysts say
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1don MSN
Rare earth export permits for U.S. customers are likely to have an easier time getting approval from Beijing after Monday's trade war truce, however a complete removal of the restrictions is unlikely,
China signaled its intention to use its dominance in the rare-earths market as leverage when it announced a broad campaign to stop the illegal export of critical minerals just one day before high-level trade talks with the United States.
China’s weaponization of rare earths in its trade war with the US will spark a much greater focus on American supply security for critical minerals, according to MP Materials Corp., the only US miner of the key materials used in smartphones and defense applications.
9dOpinion
The New Republic on MSNHow the United States Lost the Rare Earth Materials War to ChinaAds help fund our journalism. Please disable your ad blocker so that we can continue striving to be the most influential magazine in Washington, D.C., with our breaking news coverage, in-depth political features, and much more.
China has announced a crackdown on the smuggling of critical minerals, coming just one day before trade talks with the U.S., in which rare earth restrictions could be on the table. Chinese authorities–including ministries of commerce, public security and ...
As costs of Trump’s trade war rise, critical mineral curbs by China and supply chain gaps could disrupt US military programmes, experts say.
Following discussions in Geneva, China and the US have agreed to a trade war truce, effective Wednesday, which will reverse most tariffs and other retaliatory measures.
Trump stated that China had agreed to remove non-tariff trade barriers, likely referring to the country’s rare earth export controls imposed on the US in April. The market rally appears to be pausing,
China has issued export permits to at least four rare earth magnet producers including suppliers to Volkswagen, the German carmaker and industry sources said.
If the White House needed any further confirmation that investors in the US economy prefer trade to tariffs, Wall Street just obliged. Share prices soared on Monday after the US and China agreed to a 90-day ceasefire in their fight over import controls.