On Friday, shares of U.S. rare earth stocks rose after President Donald Trump accused China of strict export controls and threatened a “massive increase of tariffs on Chinese products” once again—however, the comments ended up triggering a market sell-off.

At issue: China imposed stricter export controls on critical rare earth minerals that the U.S. technology industry depends on for electronics, robotics, and electric vehicles, which are also critical for the defense industry, per CNBC. The news network also reported China will now require foreign entities to obtain a license to export products that contain rare earths worth 0.1% or more of the goods’ value.

“I will be forced, as President of the United States of America, to financially counter their move,” Trump said on Truth Social, h

See Full Page