According to industry experts, the embargo of the rare earth metal is expanding beyond Japan . They said Chinese customs officials imposed the broader shipment restrictions Monday morning, hours after a top Chinese official had summoned international news media Sunday night to denounce United States trade actions. Is sounds like Chinese officials are sending a message to stop pressuring them to revalue its currency and to cut unfair subsidies for Chinese clean tech. American trade officials announced last Friday that they would investigate whether China was violating international trade rules by subsidizing its clean energy industries. This China and U.S. row is starting to get ugly. Read all the details here.
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