Years
China has imposed an indefinite ban on the export of Rare Earth Element Magnets, metal metals to the US. That is, America will now yearn for its supply. China has said that if someone wants to export these rare meaning elements, he will have to get an export license. But the interesting thing is that China has not yet created any such license system. That is, it is clear that the ban means ban.
China has now shown that, which America had been fearing for years. China has imposed an indefinite ban on the export of the Rare Earth Election to the US. Its biggest impact will be on America’s most modern and most powerful fighter jet F-35. Actually, trade war has been going on between the US and China for a long time. If the US put tariffs on Chinese goods, China also never back down. But this time China has taken such a step that can be called a direct attack on the US supply chain. China has imposed an indefinite ban on the export of Rare Earth Element Magnets, metal metals to the US. That is, America will now yearn for its supply. China has said that if someone wants to export these rare meaning elements, he will have to get an export license. But the interesting thing is that China has not yet created any such license system. That is, it is clear that the ban means ban.
China on Tuesday directed its airlines not to deliver any delivery from Boeing Company. Earlier, Beijing had imposed a huge counter -fee of 125% on all US products in response to Donald Trump imposing 145% duty on sugar imports over the weekend, increasing the trade war between the two countries. According to Bloomberg report, Beijing has ordered American companies to immediately stop any purchase related to aircraft machinery and equipment.
Bloomberg’s report further states that the Chinese government wants to encourage domestic airlines who are renting a Boeing aircraft to make up to the rising costs due to high tariffs. The report said that Boeing’s parts and aircraft will get to China at an almost double price amidst the trade war. American aircraft giant Boeing is also stuck in the ongoing trade war between the world’s two largest economies. There are no signs of the end of the trade war, but it seems that it has affected China’s largest market China. According to Bloomberg report, 20 percent of the global aircraft demand will come from China in the next 20 years.
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