US-China Tech War Intensifies with Export Controls on Critical Minerals

Politics

1 year ago

News sources:

Credited from: SCMP

On December 3, 2024, **China implemented strict export restrictions** on critical minerals in response to US measures targeting chipmaking equipment.
This includes the **addition of 140 Chinese companies** to the US export control list, marking a significant escalation in trade tensions.
Both nations are using **national security** to justify their trade restrictions, affecting their technological advancements and economic strategies.
China's export controls aim to **protect its interests** while limiting US access to essential materials, highlighting a tit-for-tat pattern in trade relations.
As Donald Trump prepares for a new term, **critical mineral strategies may shift**, impacting relationships with major mineral suppliers like Canada and Japan.

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