Global Tensions Rise Over Rare Earths and U.S.-China Shipping Disputes
TL;DR Summary
The G7 countries are working to coordinate a response to China's recent export restrictions on critical minerals, which are vital for green and defense industries, aiming to diversify supply chains and reduce dependence on China.
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- Global markets tumble as Beijing imposes new ban on U.S. shipping. Bessent vows China ‘will be hurt the most’ if it doesn’t surrender Fortune
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