The
automotive and
robotics industries have been hit
particularly hardby China’s rare earth export restrictions in recent weeks, but analysts warn Western defense giants will also feel the heat. Top U.S. and Chinese officials are resuming
trade talks in London for a second consecutive day on Tuesday, pushing to de-escalate tensions over rare-earth minerals and advanced technology.
The White House has
signaled a willingness to ease chip export controls if Beijing accelerates rare earth exports, boosting investor hopes of a breakthrough. Both sides have accused each other of reneging on a preliminary trade deal struck in Geneva last month.
