China’s dominance in processing rare earths metals and high-performance magnets means Beijing’s curbs on the crucial exports are a major threat to US manufacturing.
China’s latest move to counter Donald Trump’s chaotic trade war is to increase restrictions on the supply of key rare earths and high-performance rare earth magnets crucial to US manufacturing, electronics and defence industries.
The suspension of shipments from Chinese ports subject to the start of a new licensing regime is officially in reaction to the escalation of US tariffs on Chinese exports this month.
Loading...
Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
