US-China Trade War Escalates Into Global Supply Chain Battle
The global supply chain battle between the United States and China has escalated beyond traditional tariff wars, and both nations are now restricting access to critical materials. This shift transforms the US-China trade war into a fight over semiconductor export controls and also rare earth minerals supply. The trade tensions impact threatens manufacturing processes worldwide as the global supply chain battle enters a new and more dangerous phase right now. Also Read: Trump Doubles Tariffs to 50% on Steel and Aluminum Imports Global Supply Chain Battle Drives US-China Trade War Challenges Source: Fox Business China Controls Rare Earth Minerals Supply Chain China dominates the rare earth minerals supply, mining an estimated 70 percent of the world’s rare earths and also processing around 90 percent globally. Beijing has weaponized this control through an licensing system that monitors and approves sales worldwide, directly impacting the global supply chain battle. The trade tensi...