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Stock impact report

Trump's Takeover Of Canadian Rare Earths Miners Raises Major Concerns [Yahoo! Finance]

Trilogy Metals Inc. (TMQ) 
Company Research Source: Yahoo! Finance
the S&P 500 shedding nearly 3% after President Donald Trump threatened “ a massive increase of tariffs on Chinese products ” due to its continuing strict control of the rare earths market. On Thursday, Beijing announced that it was increasing export controls for five more rare-earth metals, bringing the total number of critical minerals under export control to 12. Under the previous restrictions, Beijing required exporters to apply for a license from the Ministry of Economy and also disclose the final use of materials like dysprosium, gadolinium, scandium, terbium, samarium, yttrium and lutetium, but has now added tungsten, tellurium, bismuth, indium, and molybdenum to that growing list. Trade talks between the U.S. and China have been progressing at a snail's pace. China has been hardest hit by Trump's tariffs, with the Middle Kingdom now facing an effective tariff of 64.9%, including an additional 34% duty imposed by former President Trump on top of existing tariffs from previous Show less Read more
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