China bans export of critical minerals to US as trade tensions escalate – Reuters

China has recently decided to ban the export of critical minerals to the United States as trade tensions between the two countries continue to escalate. This move is expected to have a significant impact on the US economy, as these minerals are essential for various industries. The ban comes as part of China’s efforts to assert its dominance in the global trade market and retaliate against the US for imposing tariffs on Chinese goods. The decision has raised concerns about the supply chain of critical minerals in the US and has further strained the already tense relationship between the two economic powerhouses.