China Retaliates on Trump's Tariffs: Bans 50% of US Material Exports
China’s export ban on US materials now affects three key minerals. Beijing has blocked these exports to the United States in direct retaliation against trade restrictions. The new ban starts right away. It stops exports of gallium, germanium, and antimony, which are needed for making semiconductors, military equipment, and advanced technology. Also Read: Ripple: Will XRP Claim $3 Around Christmas 2024? China’s Retaliation: How Gallium, Germanium, & Rare Earth Export Bans Affect US Materials Source: Watcher Guru Strategic Materials Under Ban The Commerce Ministry says China’s export ban on our materials protects national security. It blocks minerals used for both military and civilian purposes. The germanium export ban affects many industries, including computer chips, fiber optic cables, and solar cells. China holds most of the market. It makes 59.2% of the world’s germanium and 98.8% of its gallium. China’s decision to ban exports of critical materials to ...