Rare Earth Curbs and Tariffs in the Trade War
On Thursday, October 9, China announced new restrictions on the export of five rare earth metals and the technologies used to refine them.
China is the world's largest miner and refiner of rare earth metals, accounting for 90% of global production. These metals are crucial for the production of electronic components, including most high-tech military equipment.
This move is expected to severely undermine the ability of US imperialism to continue producing weapons and supporting ongoing conflicts around the world, with Ukraine and Gaza being two primary examples.
China's restrictions will impact the production of high-tech military equipment.
Author's summary: China restricts rare earth exports.