Summary
China has placed new restrictions on exporting rare earth elements and related technology. This move is seen as a way to gain an advantage in trade talks with the United States, specifically before a meeting between President Trump and Chinese President Xi Jinping.
Key Facts
- China announced new export restrictions on rare earth elements.
- These restrictions target U.S. defense technology companies.
- The move comes ahead of a scheduled meeting between President Trump and Chinese President Xi Jinping.
- China processes about 90% of the world's rare earth elements.
- The new rules expand controlled rare earths and limit certain equipment exports.
- China cites national security reasons for these restrictions.
- Rare earths are important for products from smartphones to military jets.
