BEIJING — China signaled Sunday that it would not back down in the face of a 100% tariff threat from President Donald Trump, urging the U.S. to resolve differences through negotiations instead of threats. “China’s stance is consistent,” the Commerce Ministry said in a statement posted online. “We do not want a tariff war but…
Financial markets suffered a rerun of their swoon in April, when “Liberation Day” tariffs shocked global investors, signaling that his latest China duties may end up hurting the U.S. more than their intended target. On Friday, President Donald Trump said he will impose an additional 100% tariff on China and limit U.S. exports of software,…
Ahead of a potential meeting between President Trump and Chinese leader Xi Jinping, Beijing dropped a bombshell: China was further restricting access to the supplies that American companies need for computer chips, cars and other technology. The move gives China leverage ahead of expected trade talks with Washington. PREMIUM A laborer works at the site…
BEIJING (Reuters) -China tightened its rare earth export controls on Thursday, expanding restrictions on processing technology, unauthorised overseas cooperation and spelling out its intention to limit exports to overseas defence and semiconductor users. Exports of technology used to mine and process rare earths or make the associated magnets is barred without permission, the Ministry of…
By Rozanna Latiff, Danial Azhar and Mei Mei Chu KUALA LUMPUR/BEIJING (Reuters) -China and Malaysia are in early talks for a project to process rare earths, with sovereign wealth fund Khazanah Nasional likely to partner with a Chinese state-owned firm to build a refinery in the Southeast Asian nation, people familiar with the matter said….
China’s top anti-espionage agency has warned of foreign attempts to bypass Chinese export controls to obtain rare minerals essential for cutting-edge military applications. The warning from the Ministry of State Security on Saturday came as it revealed two antimony smuggling cases, one involving a family-run criminal network and the other a group of traffickers. “Certain…
However, in July 2025, the ban was lifted after negotiations linked to rare mineral access, and the US subsequently granted licenses to Nvidia to export the H20 chip to China, reportedly following a meeting between Nvidia’s CEO Jensen Huang and US President Donald Trump. This enabled Nvidia to order 300,000 H20 units from TSMC to…
Rare earths are needed for everything from consumer electronics to electric vehicles, wind turbines and fighter jets – and China controls the supply chain. In the last of a four-part series, we look at how countries are looking for alternatives that could help reduce their reliance on China. Seventy years ago, the US was the…
The Australian sharemarket is set to follow Wall Street’s record-setting trend, with the ASX 200 futures pointing to a positive end to the week amid U.S. economic signals and rising unemployment rates. In such a buoyant market atmosphere, investors often explore diverse opportunities, including penny stocks—an investment category that continues to intrigue despite its somewhat…
BEIJING (Reuters) -China’s exports of rare earth magnets to the United States in June soared to more than seven times their May level, marking a sharp recovery in the flow of critical minerals used in electric vehicles and wind turbines after a Sino-U.S. trade deal. Outbound shipments to the United States from the world’s largest…