• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 30
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

    May 29, 2025

    ‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

    May 29, 2025

    DeSantis Signs Bill Making Gold And Silver Legal Tender

    May 28, 2025

    John Deere Announces $20 Billion Plan To Build Up American Manufacturing

    May 28, 2025

    EV Startup Promised To Cut China Ties — Then Reportedly Shared US Data Anyway

    May 27, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»China Escalates Trade War With US By Slapping Ban On Minerals Used In Ammunition, Semiconductors 
Business

China Escalates Trade War With US By Slapping Ban On Minerals Used In Ammunition, Semiconductors 

December 3, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
China Escalates Trade War With US By Slapping Ban On Minerals Used In Ammunition, Semiconductors 
Share
Facebook Twitter LinkedIn Pinterest Email

China announced Tuesday that it is banning exports to the U.S. of some metals and rare minerals which can be used in the production of semiconductors and ammunition, according to the Financial Times.

China’s Ministry of Commerce announced that it is banning exports of “dual-use” items related to germanium, gallium, antimony and superhard materials to the US in retaliation against the US government’s latest trade restrictions, according to the Financial Times. The ministry also announced that it is placing more rigid controls on exports of graphite-related items, the Financial Times reported.

The key minerals and metals are used in the production of a variety of items, including batteries, military hardware and semiconductors, according to the Financial Times. Beijing has largely dominated the global supply of various crucial resources, the Financial Times reported. Researchers estimated there could be a $3.4 billion decrease in US gross domestic product if China implements a total ban on exports of germanium and gallium, minerals used in some semiconductors and other high-tech manufacturing, according to a November report from the U.S. Geological Survey.

China’s decision comes after the US Department of Commerce’s Bureau of Industry and Security (BIS) announced on Monday new restrictions designed to curb the People’s Republic of China’s capacity to produce advanced semiconductors that can be used in advanced weapon systems, artificial intelligence and advanced computing, according to a Monday press release. The BIS also added 140 unnamed Chinese companies to a restricted trade list. (RELATED: Panda Conservation Projects Backfiring After American Zoos Dished Out Millions To China)

(Photo by STR/AFP via Getty Images)

“The US has broadened the concept of national security, politicising and weaponizing trade and technology issues, and abused export control measures,” China’s commerce ministry said in a statement, the Financial Times reported.

See also  Factbox: Aviation emissions targets in focus at Paris Airshow

“To safeguard national security . . . China has decided to strengthen export controls on dual-use items to the US,” China’s commerce ministry said, the Financial Times reported.

President-elect Donald Trump has proposed implementing massive tariffs on imported goods when he returns to the Oval Office, including on goods imported from China. Canada Prime Minister Justin Trudeau met with the president-elect at his residence in Mar-a-Largo on Friday after Trump threatened in November to impose a 25% tariff on all products from Canada and Mexico. Mexican President Claudia Sheinbaum signaled that she will retaliate if Trump imposes sweeping tariffs on Mexico.

The president-elect said Monday he would impose a 10% tariff on Chinese goods so that Beijing does more to stop the trafficking of Chinese-made chemicals used in fentanyl, according to Reuters. China criticized Trump’s tariff threats, saying U.S. tariffs will not solve America’s problems, Reuters reported.

The U.S. has been engaged in an ongoing tech war with China in an effort to gain the upper hand in the production of advanced technology. China announced in August plans to enact export restrictions on antimony, a mineral that is critical for producing certain weapons.

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Ammunition Ban China Escalates Minerals Semiconductors Slapping trade War
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

FACT CHECK: Did Klaus Schwab Openly Call For AI Technology To Replace Democratic Elections?

August 15, 2023

GOP Megadonor Pulls Plug On Ron DeSantis, Cites Abortion And Book Bans

April 17, 2023

WWE Hall of Famer has a whole new look; shaved his head for a great cause

June 27, 2023

Britney Spears’ Head Cracked Open During ‘Explosive’ Fight With Husband, TMZ Founder Alleges

August 27, 2023
Don't Miss

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

Business May 29, 2025

Consumers’ Research issued a “Woke Alert” on Thursday warning American shoppers that three European companies…

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025

John Deere Announces $20 Billion Plan To Build Up American Manufacturing

May 28, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,136)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,645)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Why Eczema Representation Is Important

March 3, 2024

Chinese Workers Haven’t Been Paid For Months As Real Estate Market Crumbles

August 23, 2023

Pregnant Woman, Accused Of Shoplifting, Shot Dead By Cops In US’s Ohio

September 2, 2023
Popular Posts

EXCLUSIVE: ‘The Man She Is Today’: European Companies Accused Of ‘Importing’ Woke Ideology

May 29, 2025

‘The Economy Is On Fire!’: Kevin O’Leary Drops Fact Check On CNN Panelists Railing Against Trump’s Economy

May 29, 2025

DeSantis Signs Bill Making Gold And Silver Legal Tender

May 28, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.