What is the news regarding China's rare earths controls?
Asked 12 hours ago
Answer
China's new export controls on rare earth materials have escalated trade tensions with the U.S., prompting threats of 100% tariffs from Washington. China accuses the U.S. of exaggerating the impact, while both sides prepare for high-level talks. The measures have caused market volatility and concerns about global supply chains.
Now Playing
- China accuses the U.S. of stoking panic over rare earth export controls.
- China produces over 90% of the world's processed rare earths and magnets. 11s
- China rejects claims that manufacturers using its rare earths need special export licenses. 1m 41s
- U.S. officials call China's measures a global supply chain power grab. 1m 45s
- Trade talks between U.S. and China are ongoing, with possible tariff truce extension. 1m 56s