One America News Network By Brooke Mallory
President Donald Trump announced on Friday that the U.S. will impose a 100% tariff on Chinese imports, retaliating after China announced its restrictions on exports of rare earth materials critical to U.S. industries.
This week, China imposed new export restrictions on rare earth elements, expanding its controls to cover 12 elements and various mining and refining equipment. These materials are critical to manufacturing electric vehicles, aerospace equipment, and military technology in the U.S.
Exporters must now apply for licenses, with China signaling it will reject those tied to defense applications. China’s new “rules” will also apply to other foreign companies using Chinese rare earth minerals or technology, requiring them to obtain approval for exports of certain products…
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