Recently, China announced a ban on the export of several rare minerals to the United States, marking another stage in the trade disputes between the two countries. The ban covers gallium, germanium, antimony, and superhard materials used in the production of semiconductors and weapons.
This move came shortly after the Biden administration intensified restrictions on China's access to American technology. Chinese officials, fearing further tough measures from the US, decided to take these steps, signaling escalating tension between the countries.
This situation highlights how crucial it is for both economies to control key resources and technologies, putting global supply chains at risk.
The US and its partners will struggle without these resources, but over time they will manage to establish their own production. The only ones who will lose from this are China. Russia's experience hasn't taught them anything.
