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TO GO WITH China-Japan-technology-commodities FOCUS by D'Arcy Doran In a picture taken on September 5, 2010 a man driving a front loader shifts soil containing rare earth minerals to be loaded at a port in Lianyungang, east China's Jiangsu province, for export to Japan. China's restrictions on exports of rare earths are aimed at maximising profit, strengthening its homegrown high-tech companies and forcing other nations to help sustain global supply, experts say. China last year produced 97 percent of the global supply of rare earths -- a group of 17 elements used in high-tech products ranging from flat-screen televisions to iPods to hybrid cars -- but is home to just a third of reserves. CHINA OUT AFP PHOTO (Photo credit should read STR/AFP via Getty Images)

China restricts rare earth exports as Trump vows strong response, reigniting trade tensions

President Donald Trump suggested that he may cancel his upcoming meeting with Chinese President Xi Jinping, after Xi sent what Trump described as “hostile” letters indicating China’s plans to restrict exports of rare earth minerals.

TOKYO, JAPAN - DECEMBER 23: Nissan Motor CEO Makoto Uchida (L), Honda Motor CEO Toshihiro Mibe (C) and Mitsubishi Motors President Takao Kato (R) attend a joint press conference on December 23, 2024, in Tokyo, Japan. Nissan and Honda announced they have begun merger negotiations, aiming to create the world's third-largest automotive group to compete with rival EV manufacturers such as China's BYD and the US-based Tesla. (Photo by Tomohiro Ohsumi/Getty Images)

Nissan And Honda To Merge, Forming World’s Third-Largest Automaker

A massive move in the auto industry has taken place as Honda and Nissan have announced plans to merge, forming the world’s third-largest automaker by sales.

President Joe Biden speaks in the Rose Garden of the White House in Washington, Tuesday, May 14, 2024, announcing plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China. (AP Photo/Susan Walsh)

Biden Administration Announces Additional Tariffs On Chinese Imports

The Biden administration unveiled a new round of tariffs on $18 billion of Chinese imports. The White House said the tariff increases will protect American workers and businesses in response to China’s unfair trade practices.