US–China Trade Tensions: China relies on US demand, and the US relies on cheap Chinese goods, creating a trade imbalance seen as a long-term risk. China recently announced export restrictions on rare earth minerals, and with control of roughly 90 percent of processing capacity, China is using this as leverage. Escalation & Market Panic China claims export limits are for national security purposes, but most experts see it as retaliation for earlier US tariffs. In response, Trump announced a 100 percent tar
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