China targets Anduril and MP Materials in major trade crackdown
- Source
- Nikkei Asia
- Time
- 3:42 AM
- Weight
- 94/100
China has introduced a series of new export controls and procurement bans targeting dozens of American companies, including defense technology firm Anduril and rare-earth producer MP Materials. The measures, announced on Monday, reflect a significant escalation in trade tensions between the world's two largest economies.
These restrictions are primarily aimed at sectors critical to national security and high-tech manufacturing, such as drone technology and the processing of essential minerals. This move follows a period of heightened economic friction characterized by reciprocal trade actions.