Summary
The United States and China are in a trade conflict over rare earth minerals, which are important for many technologies. A U.S. map shows areas rich in these minerals, but the country still relies heavily on China for supply. China introduced more export controls on these minerals, leading President Trump to threaten increased tariffs.
Key Facts
- The U.S. Geological Survey mapped over 800 sites in the U.S. with minerals, including rare earths.
- Rare earth minerals are essential for various technologies, and the U.S. relies on China for most imports.
- China controls about 90% of the world's production of these minerals.
- The U.S. was once a major producer but now faces challenges like costs and community issues in reviving mining.
- China imposed new export controls on rare earths, with only 25% of export licenses being approved since April.
- President Trump threatened a 100% tariff increase on Chinese goods in response to China's export restrictions.
- China's Ministry of Commerce added more minerals to its export control list citing national security.
