Trade tensions between U.S., China renewed over rare earth materials

Breakdown

• China has imposed new export controls on rare earth materials, impacting global markets. 5s
• The U.S. has threatened a 100 percent tariff on Chinese goods in response. 37s
• Both countries have introduced additional port fees on shipping vessels, affecting global freight flows. 53s
• The U.S. may impose tariffs over China’s purchases of Russian oil, pending European support. 1m 2s
• Despite tensions, the U.S. says it does not want to escalate the conflict and is open to talks at the APEC summit. 1m 13s