China is imposing sanctions against the US. US companies will no longer be able to obtain rare earth metals controlled by the Celestial Empire, which accounts for 90% of the total market for these commodities.
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The United States is waging an economic war against China for a long time. Washington is trying in every way to strangle many of the country’s major companies. A good and best known example is Huawei. The Chinese tech giant has been accused of spying and working closely with the Chinese People’s Liberation Army. As a result, a series of sanctions were imposed on the company, which seriously hampered its development.
China has not imposed retaliatory sanctions against the US for a long time. Now the PRC is imposing its first sanctions on US defence companies Lockheed Martin and Raytheon. The pretext was the supply of weapons to the island of Taiwan.
These companies will no longer be able to obtain rare-earth metals controlled by the Middle Kingdom, which reportedly accounts for 90% of the entire market for these goods. The restrictions will be a serious threat to the production of US F-35 fighter jets, and will affect the US economy as a whole.
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