China Tightens Grip on Rare Earths Ahead of Expected Trump-Xi Meeting-USA Fucked \ stacker news ~econ

'SINGAPORE—China tightened its control over sectors crucial to making high-tech products including electric vehicles and jet fighters, threatening to reignite trade tensions with the U.S. ahead of an expected meeting between President Trump and Chinese leader Xi Jinping.

China’s Commerce Ministry said Thursday that foreign suppliers must obtain approval from Beijing to export some products with certain rare-earth materials originating from China if they account for 0.1% or more of the good’s total value. Goods produced with certain technologies from China are also subject to the export controls. Both restrictions apply to products manufactured outside of China.

Export applications for products with military uses generally won’t be approved, the ministry said, adding that licenses related to semiconductors or artificial-intelligence development will be granted on a case-by-case basis.'

Trumps bullying use of US dominance is being challenged.

Without access to the rare earths only China has the processing capacity to supply the US military industrial complex is fucked.

Full unlocked article link-

https://archive.ph/8vXxw

0 sats \ 0 replies \ @Solomonsatoshi OP 11 Oct

'The controls are the latest from Beijing to flex China’s global dominance of supply chains, especially for cutting-edge industries and defense systems. The new rules signal China is tightening its stranglehold on key industrial bases and technologies as the U.S. and other Western countries aim to build up domestic manufacturing and reduce reliance on China.

“They want to maintain as much of that strategic position as possible,” said Julian Evans-Pritchard, head of China economics at Capital Economics.

In explaining its new rules, China said the export controls target dual-use items—those with both military and civilian applications—to protect the country’s national security.'