Delicate Trade Truce with China Hangs in the Balance
The trade war between the U.S. and China may escalate again due to Beijing's new restrictions on rare earth exports.
By Austin Denean, The National Desk, Washington. The U.S. and China had a tentative pause in their trade war, but this may be at risk after China implemented export controls.
- China restricted exports of rare earth metals and other products.
- The move provoked a threat of steep tariffs on Chinese products.
- This has roiled financial markets and prompted concerns about the economy.
The two sides had struck a truce in the spring to dial back massive import taxes on imports.
Author's summary: Trade truce at risk due to China's export restrictions.
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