China and the US Rivalry: The Rare Earth Elements Crisis

China has restricted the export of rare earth elements, cornering the US. This situation could change the course of global competition.
Last week, the Chinese Ministry of Commerce halted the export of rare earth elements to the US. This move created a significant impact on the global economy.
In response, Trump planned to impose a 100% tariff on China. However, this did not have the expected effect on China.
Rare earth elements are critical for many products, from smartphones to fighter jets. Therefore, these restrictions directly affect the US technology industry.
China's move weakens Trump's position in the trade war. The US's dependency on agricultural products and other sectors complicates the situation further.
Trump is planning to meet with Chinese President Xi Jinping in two weeks. However, the outcomes of this meeting are eagerly awaited.
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