China's prohibition on exporting Nexperia China semiconductors and halting rare earth mineral shipments has instigated a crisis in supply chains throughout various US sectors, leading to the loss of American jobs. Companies in defense, electric vehicles, and consumer electronics are urgently searching for new suppliers, while economists caution that China's dominance over 85% of the global rare earth processing capacity implies there isn't a swift solution. Although the summit between Trump and Xi has sparked optimism, it has yet to yield any enforceable agreements regarding semiconductors or rare earths.
