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China's suspension of rare earth mineral shipments to the US is a significant escalation in the trade war. China controls a large percentage of the rare earth mineral market, which are critical for manufacturing many products. Globalization has led to complex supply chains, making the US dependent on other countries.
- China halted rare earth mineral shipments to the US, impacting industries like iPhones and electric vehicles.
- China dominates the rare earth mineral market, controlling about 85% of America's supply.
- Rare earth minerals are essential for various technologies, including magnets, displays, and LEDs.
- Globalized supply chains have made the production of goods dependent on resources from around the world.
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