Two weeks ago, China announced a slew of countermeasures in retaliation against punitive tariffs by U.S. President Donald Trump, including extra levies of 34% on all U.S. goods as well as export curbs on rare earth minerals. Under the new restrictions, exporters will now be required to apply for a license from China’s Ministry of Economy and also disclose the final use of rare earth elements (REE) and critical metals such as dysprosium, gadolinium, samarium, scandium, terbium, yttrium and lutetium.
This wasn’t the first time Beijing…Trump To Stockpile Deep-Sea Metals Amid China’s Rare Earths Ban
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