China has banned exports of essential materials used to make semiconductors, military systems, and batteries.
China has struck back at U.S. trade restrictions by banning exports of gallium, germanium, and other high-tech materials essential for advanced manufacturing and military technology.The move, announced Tuesday by Beijing's Commerce Ministry, could propel the economic rivalry between the two powers and their respective supply chains.China has explicitly decided to target crucial materials for the production semiconductors, mobile devices, solar panels, and defense systems.
Japan Caught in Trade CrossfireBeijing's retaliation directly counters President Joe Biden's efforts to curb China's technological advancements.Washington's recent export controls aim to block Chinese access to cutting-edge technologies. The U.S. Department of Commerces' new rules, which primarily affect Chinese companies, will also affect firms in Japan, South Korea, and Singapore.China had initially taken a cautious approach to U.S.
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