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Trade Tensions Rattle Markets as China Targets Rare Earth Exports
Trade Tensions Rattle Markets as China Targets Rare Earth Exports
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BTCCSquare news:
Investors faced renewed uncertainty last week as China announced export controls on rare earth elements—a strategic MOVE affecting 70% of global supply. The materials are critical for technologies ranging from smartphones to military systems. Markets reacted sharply, with the S&P 500 dropping 2.71% and the Nasdaq falling 3.56% amid fears of escalating U.S.-China trade tensions.
President TRUMP initially countered with threats of tariffs up to 100% on Chinese imports, but later tempered rhetoric with reassurances. 'Don’t worry about China, it will all be fine!' he stated, helping stocks recover slightly. Volatility persists, yet some analysts view the pullback as a potential entry point for selective assets.
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