The Big Story
Trump races to shore up rare earth supply
President Trump is racing to respond to a major escalation of the U.S.-China trade war, with the American supply of critical technology hanging in the balance.
© Alex Brandon, Associated Press
Trump administration officials announced plans this week to take a more active role in ensuring access to “rare earths” — minerals that are key components in several important technologies — in response to new Chinese export restrictions.
The new rules give China significant leverage in its trade war with the U.S. as both nations race to dominate the future of AI and the semiconductor chips essential to powering the technology.
The U.S. and China have butted heads over tech exports and defense-related technologies for decades, and Beijing