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China Halts Rare Earth Exports Globally
Longtime Slashdot reader AmiMoJo shares the news that China has halted all rare earth exports globally -- including to the U.S., Japan, and Germany. Fortune reports: After Trump unveiled his "Liberation Day" tariffs on April 2, China retaliated on April 4 with its own duties as well as export contr...
In the meantime, shipments of rare earths have been halted at many ports, with customs officials blocking exports to any country, including to the U.S. as well as Japan and Germany, sources told theÂTimes. While the Trump administration unveiled tariff exemptions on a range of key tech imports late Friday night, China's magnet exports were still halted through the weekend, industry sources told the Times. They also represent an asymmetric advantage in that rare earths constitute a small share of China's exports but have an outsize impact on trade partners like the U.S., which relies on them as critical inputs for the auto, chip, aerospace, and defense industries.
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