China bans exports of gallium, germanium, antimony to US

(Corrects paragraph 3 to show the curbs began to roll out last year (not announced at the beginning of last year))

BEIJING (Reuters) -China will ban exports of “dual-use items” related to gallium, germanium, antimony and superhard materials to the U.S. with immediate effect, its commerce ministry said on Tuesday, a day after Washington’s latest crackdown on China’s chip sector.

The ministry’s directive, which cites safeguarding national security and interests, also requires a stricter review of end-usage for graphite dual-use items shipped to the United States.

The curbs strengthen enforcement of existing limits on exports of the critical minerals that Beijing began to roll out last year.

But they apply specifically to the United States, in the latest escalation of trade tensions between the world’s two largest economies in the run up to President-elect Donald Trump taking office.

China’s announcement comes after the United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group.

“In principle, the export of gallium, germanium, antimony, and superhard materials to the United States shall not be permitted,” the ministry said.

This post is originally published on INVESTING.

  • Related Posts

    Oil prices extend gains on fresh China stimulus measures, declining US inventories

    Investing.com– Oil prices extended gains in Asian Trade on Thursday after the Christmas holiday, bolstered by new stimulus measures in China and a drop in U.S. crude inventories. At 21:06…

    Oil edges up on China stimulus hopes, US inventory drop

    By Emily Chow SINGAPORE (Reuters) -Oil prices edged higher on Thursday in thin holiday trading, driven by hopes for additional fiscal stimulus in China, the world’s biggest oil importer, while…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Oil prices extend gains on fresh China stimulus measures, declining US inventories

    • December 26, 2024
    Oil prices extend gains on fresh China stimulus measures, declining US inventories

    Pound May Appreciate on Santa Claus Rally. Forecast as of 26.12.2024

    • December 26, 2024
    Pound May Appreciate on Santa Claus Rally. Forecast as of 26.12.2024

    Oil edges up on China stimulus hopes, US inventory drop

    • December 26, 2024
    Oil edges up on China stimulus hopes, US inventory drop

    Oil prices inch up on hopes for more China stimulus

    • December 26, 2024
    Oil prices inch up on hopes for more China stimulus

    Trump’s Pledges to Define EURUSD’s Rate. Forecast as of 26.12.2024

    • December 26, 2024
    Trump’s Pledges to Define EURUSD’s Rate. Forecast as of 26.12.2024

    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 26.12.2024

    • December 26, 2024
    Short-Term Analysis for BTCUSD, XRPUSD, and ETHUSD for 26.12.2024