China Halts Rare Earth Exports as US Prepares Semiconductor Tariffs
The escalating US-China trade conflict intensifies with China's strategic export restrictions and Trump's planned semiconductor tariffs.
- China has stopped exporting rare earth elements globally, disrupting critical supply chains for industries like electronics and defense.
- President Trump is set to announce new special tariffs on semiconductor imports this week, signaling further trade tensions.
- US exemptions on electronics tariffs sparked temporary market rebounds in Europe and Asia, but uncertainty persists.
- China's exports surged by 12.4% in March, potentially due to exporters rushing shipments ahead of US tariff hikes.
- European Union has delayed retaliatory tariffs on US goods until mid-July, aiming to use the pause for negotiations.
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