Bloomberg called rare earth metals China's weapon in the trade war with the United States

Rare earth metals have become China's weapon in the trade war with US President Donald Trump. This was reported by Bloomberg on April 7.

The agency clarified that Beijing has announced new export restrictions in response to Washington's duties. In total, the restrictions affected seven types of metals: samarium, gadolinium, terbium, dysprosium, lutetium, scandium and yttrium.

According to the decision, the Chinese authorities will carefully monitor any shipments abroad, especially to assess who is acquiring rare earth resources and for what purpose. "Газета.ги ".

It is noted that as a result, this circumstance may lead to significant disruptions in the supply of key materials used in high-tech production. The situation may affect sectors of the global economy, including the arms and machine-building sectors. In particular, specifically electric vehicles.

Destination imports: how will China's retaliatory measures against US duties turn out

The largest trade conflict in 100 years will accelerate inflation and collapse oil demand, experts say.

On April 7, the official representative of the Ministry of Foreign Affairs of China, Lin Jian, called the abuse of US duties economic bullying. He clarified that the measures harm not only other countries, but also Washington itself.

On April 2, US President Donald Trump announced large-scale trade measures: base tariffs of 10% are being introduced for all products supplied to the United States. For the EU, this figure has been raised to 20%, and for China — to 34%. In his speech, the president called April 2 the day when Americans will become rich again. On April 4, China imposed duties of 34% against the United States.