The ongoing trade war between China and the United States has spilled into the financial arena and shows no signs of ending soon. The two countries have been locked in a battle of epic proportions, with both sides resorting to various schemes and tactics to gain the upper hand. From tariffs on imports and exports to sanctions and bans on foreign investments, the financial war between China and the United States is a battle of attrition. At the heart of the tussle is the desire of the United States to balance the trade deficit it has with China, which stood at $323 billion in 2018 according to the US Census Bureau. In response, China has retaliated with its own set of tariffs and restrictions on US imports, such as the levies imposed on US soybeans and airplanes.

China has also become increasingly assertive in international finance. While the US has traditionally been the dominant player in these matters, China has been gradually expanding its footprint in global financial institutions such as the World Bank, the International Monetary Fund, and the Asian Infrastructure Investment Bank. This has worried US policymakers, who insist that China is using these institutions to increase its geopolitical power and influence.

The US has responded to this by ramping up its financial warfare against China. It has imposed restrictions on Chinese investments in US companies, including tech giants such as Huawei, which it accuses of being used by China for espionage. The US has also placed sanctions on individuals and companies linked to the Chinese military, as well as those with ties to certain Chinese technology companies.

Finally, the US has pressured other countries to stop using Chinese tech firms for their 5G networks. This has caused a lot of tension between the two countries and shows no sign of cooling down in the near future. If the two sides fail to reach an agreement soon, it could cause further disruption in international financial markets and have a major impact on the global economy. However, there is still hope that the two sides can reach a compromise, although it is not certain how long that will take. In the meantime, the financial war between China and the United States will remain a major source of tension in the international community.

China has now imposed a ban on the export of rare earth metals like gallium and germanium to the United States, further aggravating the financial tension between the two nations. Rare earth metals like gallium and germanium are increasingly important for modern technological development, as they are used in the production of a variety of advanced electronic components. They are found in the United States, but in significantly smaller quantities than in China. China’s embargo, therefore, has drastically raised the cost of rare earth metals, especially for American technology companies.

The ban has also raised the fear of a possible shortage of these metals in the United States. While some CEOs in the technology sector are diversifying their supply sources, many scientists and researchers have been raising concerns about what a shortage of rare earth metals could mean for the future of US technology innovation. In addition to the impact on US technology developments, China’s embargo is estimated to have a significant economic impact. The cost of gallium and germanium for US companies is expected to increase significantly, taking a toll on their profits. Furthermore, the US technology industry is likely to become less competitive on the global market as it will no longer be able to get its hands on rare earth metals for cheap.

The United States has urged China to lift the ban, but Beijing has stayed unyielding so far. Many analysts believe the ban will remain in place until the US and China are able to resolve their differences. As the trade war between the US and China continues to heat up, the embargo on the export of rare earth metals is likely to remain in place. This embargo is a reminder of the high stakes of the trade war, and just how much power China can wield when it needs to. It has also provided a wake-up call to the United States about the importance of remaining competitive in rare earth metals, as these components are likely to become even more crucial for the US tech industry going forward.