April 22, 20251 yr China threatens huge car shortages and shutdowns in Trump trade war China's recent clampdown on rare earth mineral exports could spell disaster for the global automotive industry. There are fears that essential magnet reserves may deplete within months if Beijing tightens its grip further. China broadened its export curbs earlier this month to encompass seven key rare-earth elements and magnets crucial for producing electric vehicles, wind turbines, and military aircraft. https://www.express.co.uk/news/world/2044112/china-donald-trump-trade-war-car-shortages/amp
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