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The Guardian - UK
The Guardian - UK
World
Amy Hawkins Senior China correspondent

Why has US-China trade war restarted and how have markets reacted?

China Donald Trump United States Xi Jinping Beijing Earth APEC TikTok Truth Social
A worker waters the site of a rare earth metals mine in Jiangxi province, China
A worker waters the site of a rare-earth metals mine in Jiangxi province, China. China produces more than 90% of the world’s processed rare earths. Photograph: China Stringer/Reuters

With nearly a month to go before the deadline for the US and China to reach a deal in their trade war, goodwill between the two countries appears to have been swept off the table in recent days. China announced that it was once again restricting the export of critical minerals, prompting the US president, Donald Trump, to announce tariffs of 100% on US-bound Chinese exports, scuppering – at least for now - hopes that global economic turmoil could be averted.

Why has the US-China trade war restarted?

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