U.S., China Reach Rare Earths
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China’s far-reaching rules already affect manufacturers of semiconductors, cars and many other products. They will soon become much broader.
The White House is considering banning exports to China of all items that were made with or contain U.S.-made software in response to China’s announcement of rare earth export controls. According to Reuters,
"Yet Xi’s latest trade war tactic may be tipping the geostrategic balance back toward the US as companies around the world think better of doing business in China generally."
Stocks spiked to al-time highs to start the week. extending gains from Friday's record-setting rally. Chips and rare earth stocks were among the big movers.
Share of rare earth stocks are trading lower Monday amid potential U.S.-China negotiations that could delay export controls.
China will make “substantial” purchases of US soybeans, Treasury Secretary Scott Bessent said Sunday after talks with Chinese counterparts, in a sign that the relations are thawing ahead of a possible leaders’ meeting.
22hon MSN
U.S. futures jump and world shares are mixed as Trump says he expects a trade deal with China
Asian shares surged Monday while European markets were little changed after U.S. President Donald Trump said he expected to reach a trade agreement with China. Germany's DAX gained 0.2% to 24,279.53 and the CAC 40 in Paris slipped 0.