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China targets US rare earth and other firms with export controls

The controls target rare-earth and defense suppliers and extend China’s procurement ban to 46 U.S. firms, deepening retaliation over Washington’s military-linked blacklists.

  • On Monday, June 22, 2026, China's Ministry of Commerce added 10 U.S. companies to its export control list, including rare-earth miners MP Materials Corp and USA Rare Earth Inc, barring Chinese exports of dual-use items to these firms.
  • Beijing's measures retaliate against the Pentagon's recent expansion of its military-linked company list, which added tech giants Alibaba and Baidu among dozens of Chinese firms the U.S. believes aid Beijing's military.
  • Separately, China's Ministry of Finance prohibited government entities from purchasing products from 46 U.S. firms, including subsidiaries of Lockheed Martin Corporation, Raytheon, and General Dynamics, effective immediately.
  • Analysts characterize the curbs as largely symbolic since most targeted companies have "little or no meaningful business exposure in China," according to Han Shen Lin, China country director at The Asia Group.
  • China's countermeasures provide a "model example" of handling mild U.S. escalation while maintaining stability, said Dan Wang, China director at Eurasia Group, indicating the national security trade war remains active in both capitals.
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La Presse broke the news in Montreal, Canada on Sunday, June 21, 2026.
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