Trump threatens tariffs on Spain over refusal to boost NATO defense spending
Trump Threatens Tariffs on Spain Over NATO Defense Spending Dispute Trade Tensions Escalate Over Military Budgets In a significant escalation…
Tag: White House
MIT refuses to accept White House terms for funding, other schools still mulling
MIT Rejects White House Funding Terms Over Academic Freedom Concerns Elite Universities Face Federal Funding Dilemma The Massachusetts Institute of…
China Rare Earth Controls Threaten Global Economy Access, Experts Warn
China’s new rare earth export controls give Beijing power to restrict global economic participation, according to former White House officials. The measures require licenses for products containing over 0.1% Chinese rare earths or using Chinese production technology, escalating trade tensions with the U.S.
China’s sweeping new export controls on rare earth elements represent more than just trade restrictions—they potentially give Beijing the power to exclude any nation from participating in the modern global economy, according to former White House advisor Dean Ball. The controls, announced by China’s commerce ministry and effective December 1, require foreign companies to obtain licenses for exporting products containing more than 0.1% Chinese rare earths or those manufactured using Chinese production technology.