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As a direct result of the ongoing US-China trade war, businesses are expecting disruptions in the global supply chain of semiconductors.

In response to China's curbs on exports of rare-earth mineral, US President Donald Trump has now retaliated with imposing 100 per cent tariffs on and restrictions on software sales to the east Asian country.

Rare earth elements are critical components to manufacturing a range of products from smartphones and electric vehicles to renewable energy technology.

Trumps escalation of a trade standoff between two major economies also had an impact on the US stock market indices with Nasdaq down by 3.6 percent and the S&P 500 declining to 2.7 percent.

China’s expansion of curbs linked to rare earth

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