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.
73 Articles
73 Articles
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China hit back at Washington on Monday with a sweeping two-pronged retaliation, barring government departments from buying products from 46 US defense contractors and blacklisting 10 American companies from receiving Chinese dual-use exports. The Ministry of Finance announced that procurement entities are prohibited from purchasing products manufactured by the 46 US firms, a list headed […] The post China sanctions US defense, rare earth firms i…
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