5 h. ago Rare earths shares soar as US and China battle over export controls

Trump administration plans to set price floors, create strategic minerals reserve and take equity stakes

Events

5 d. ago US and China begin collecting port fees on each other’s vessels amid trade war

A return to an all-out trade war appeared imminent last week, after China announced a major expansion of its rare earths export controls

Events

6 d. ago Bessent slams China: ‘They want to pull everybody else down with them’

US Treasury secretary tells FT that Beijing’s export controls are ‘a sign of how weak their economy is’

Politics

9 d. ago Markets tumble as Trump escalates trade war with 100% tariff on China ‘over and above’ current rates

Stocks had been dropping all day after Trump announced a ‘massive increase of Tariffs on Chinese products,’ to counter the country’s new export controls on rare earth minerals

Politics

9 d. ago Trump reignites trade war with threat of additional 100% tariff on China

President says measures will include export controls on software and take effect from November 1 ‘or sooner’

Events

9 d. ago Donald Trump threatens extra 100% tariff as he retaliates against China

President says measures will include export controls on software and take effect from November 1 ‘or sooner’

Politics

9 d. ago The Guardian view on an AI bubble: capitalism still hasn’t evolved to protect itself | Editorial

Warnings about inflated tech stocks suggest investors never learn and central bankers learn too lateThe message from global regulators this week was blunt: the AI boom is driving stocks to dotcom-bubble highs – and the world is finally listening. With so much cash riding on so few firms, any loss of faith could send shares tumbling and drag down the wider economy. China’s proposed export controls on rare earths add a fresh threat: not just to sentiment, but to advanced chip supply chains themselves. It’s a long way down from such dizzying heights if gravity reasserts itself.Warnings from the past abound in Charles Kindleberger’s history of financial crises, Manias, Panics and Crashes, which begins with tulip mania in 1636. What commonly happens, he wrote, is “that some event changes the economic outlook. New opportunities for profits are seized, and overdone.” Once the mistake is realised, there’s a panicked exit with a crash in the price of “whatever has been the subject of the man...

Politics