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Trump trade conflict casts shadow over access to vital elements needed by technology sector

  • The Trump administration's tariffs and protectionist policies aimed at China may restrict access to vital elements needed by the technology sector, including lithium and rare earth elements.
  • China refines over 90% of the global supply of rare earth elements, which are crucial for products like smartphones and electric cars.
  • President Donald Trump imposed 10% tariffs on all Chinese imports, prompting China to retaliate with up to 15% tariffs on U.S. Goods and more export controls.
  • The International Energy Agency predicts that demand for rare earth elements will surge 72% by 2030, while supply will lag significantly behind.
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abc News broke the news in United States on Wednesday, February 19, 2025.
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