Micah McCartney
China's export controls on strategic metals, a riposte to President Donald Trump's tariff hike, are being seen less as an economic blow and more as a warning shot to bring the United States to the negotiating table.
Newsweek has reached out to the Chinese foreign ministry by email with a request for comment.
Why It Matters
Last weekend, Trump escalated the trade war he initially launched during his first term, raising trade duties on Chinese goods by an additional 10 percent, citing the need to curb the flow of precursors fueling the U.S. fentanyl crisis.
The U.S.'s third-largest trade partner hit back Tuesday by restricting exports of tungsten, bismuth, indium, molybdenum and tellurium. It was the third time in less than three months Beijing has leveraged its resource dominance.
What To Know
Among these metals, tungsten poses the greatest strategic vulnerability. China accounts for 80 percent of global supply and supplies 45 percent of U.S. imports of tungsten content, according to the U.S. Geological Survey (USGS).
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