WASHINGTON — China's retaliatory export controls could take a toll on the growing US clean energy sector and its defense industry, analysts said, as a trade tussle escalates between the world's two biggest economies.
WASHINGTON — China 's retaliatory export controls could take a toll on the growing US clean energy sector and its defense industry, analysts said, as a trade tussle escalates between the world's two biggest economies.Beijing announced this week it would ban exports of gallium, germanium and antimony to the United States, targeting materials used for everything from semiconductors to solar cells. China also tightened restrictions on graphite, which is key to the electric vehicle industry.
While China is investing in munitions and buying high-end weapons systems more rapidly than the United States, the US industrial base lacks the capacity to meet defense tech production needs, the report warned.'Bans on vital mineral inputs will only further allow China to outpace the United States in building these capabilities,' it said.
Export Curbs To Hit US Energy Defense
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