China Tightens Export Controls on Cars, Chips & Rare Earths, Escalating Global Trade Tensions

China has announced new export restrictions on cars, chips, and rare earth materials, intensifying global trade tensions. The move, aimed at tightening control over critical technologies and resources, could disrupt key industries such as automobiles, electronics, and defense. Western nations are bracing for higher production costs and supply chain delays as they seek alternatives to reduce dependence on China. Experts warn the restrictions could reshape global trade dynamics for years to come.

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