Trump sends out tariff letters: How China still holds the 'critical' key to trade war — and still sets the price
US President Trump imposed tariffs on imports from Japan and South Korea. China faces import restrictions. China dominates critical mineral production. The US relies on China for rare earth imports. China weaponized its dominance by placing strategic minerals under export control. China retains price-setting power. China's export controls triggered a plunge in rare earth magnet exports.
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