The trade dispute between the United States and China has resumed. US President Donald Trump lashed out at the weekend at Beijing’s planned tightening of restrictions over crucial rare-earth minerals.

In response, Trump has threatened 100% tariffs on Chinese imports.

But with the higher tariff rate not due to start until November 1, and the Chinese controls on December 1, there is still time for negotiation.

This is no longer a trade dispute; it has escalated into a race for control over supply chains, and the rules that govern global trade.

For Australia, this provides an opening to build capacity at home in minerals refining and rare-earths processing. But we also need to keep access to our biggest market – China.

Since 2018, the US has sought to choke off China’s access to semiconductors and chipmaking tools by restricting exports.

China last week tightened its export controls on rare earth minerals that are essential for the technology, automotive and defence industries. Foreign companies now need permission to export products that derive as little as 0.1% of their value from China-sourced rare earths.

Rare earths are essential to many........

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