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China hits back at Trump with 34% tariff, metal export curbs and ban on some US imports

  • China's Ministry of Commerce announced export restrictions on rare earth elements effective April 4, 2025.
  • These restrictions came as China retaliated against President Trump's tariff measures against the country.
  • Seven elements are affected, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium.
  • Mark Smith, CEO of NioCorp, called the restrictions a "precision strike by China against Pentagon supply chains."
  • The export controls highlight the need to secure a North American rare earth supply chain, potentially benefiting companies like Ucore.
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T24 broke the news in Türkiye on Friday, April 4, 2025.
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