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China Escalates Trade War With US By Slapping Ban On Minerals Used In Ammunition, Semiconductors

China announced Tuesday that it is banning exports to the U.S. of some metals and rare minerals which can be used in the production of semiconductors and ammunition, according to the Financial Times. China’s Ministry of Commerce announced that it is banning exports of “dual-use” items related to germanium, gallium, antimony and superhard materials to the US in retaliation against the US government’s latest trade restrictions, according to the Financial Times. The ministry also...