China halts dual-use exports to 10 US firms, bars 46 from procurement
Why it matters: The retaliation widens the US-China trade and security clash to rare earths and third-country transfers.
CNBC, NPR +3
Why it matters: The retaliation widens the US-China trade and security clash to rare earths and third-country transfers.
Why it matters: The move hits firms central to US efforts to build a non-China supply chain for defense and advanced manufacturing.
What's new: Leaders were negotiating support such as subsidies, price floors and guaranteed purchases for supply chains outside China.
What's next: EU leaders are set to discuss economic security on June 18-19 as the Commission reviews tougher trade defenses.