The article discusses the potential impact of tariffs and protectionist policies pursued by the Trump administration on the U.S. supply of rare earth elements, crucial for various sectors including technology and defense. China currently refines over 90% of these elements, leaving the U.S. heavily reliant on imports. The imposition of tariffs has escalated trade tensions, causing increased costs for technology manufacturers. As demand for these elements is projected to grow significantly, concerns around supply chain stability and limited access to essential materials are raised for future technological developments.
The U.S. relies heavily on China for over 80% of its supply of rare earth elements, which are vital for technology and defense sectors.
With tariffs imposed on Chinese imports, tech companies face higher costs, impacting the production and development of vital products like electric vehicles and smartphones.
China's export controls on rare earth elements further complicate the U.S. supply chain and could limit the ability to meet future demand in technology.
The demand for key elements like lithium and rare earths is projected to increase substantially, driven by advancements in technology, further stressing the supply chain.
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