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<v Speaker 1>Hey there, folks, imting and welcome to Beijing Bites, where

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<v Speaker 1>we dive into the latest updates on the US China

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<v Speaker 1>tech war. Let's jump right in. Over the past two weeks,

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<v Speaker 1>tensions have escalated significantly due to new restrictions on rare

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<v Speaker 1>earth exports. China's Ministry of Commerce introduced rules requiring approvals

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<v Speaker 1>for products containing more than zero point one per cent

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<v Speaker 1>of Chinese rare earth materials, affecting industries like semiconductors and

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<v Speaker 1>defense systems. This move is seen as a strategic escalation,

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<v Speaker 1>similar to the US's foreign direct Product rule, but with

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<v Speaker 1>a broader global reach. Experts worn that if enforced fully,

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<v Speaker 1>this could lead to rare earth price spikes and stockpiling

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<v Speaker 1>by major economies. Christy Schu, director of the Taiwan Asian

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<v Speaker 1>Studies Center, noted that Taiwan could be hit hard due

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<v Speaker 1>to its reliance on Japanese components that use Chinese ware earths.

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<v Speaker 1>China dominates about ninety percent of the world's rare earth

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<v Speaker 1>refining capacity, giving its significant leverage over global tech production.

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<v Speaker 1>In response, President Donald Trump announced plans for additional tariffs

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<v Speaker 1>on Chinese goods and limits on U S software exports.

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<v Speaker 1>To China. This has reignited trade war fears, with both

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<v Speaker 1>countries accusing each other of unfair practices. The ongoing trade

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<v Speaker 1>tensions could severely impact tech stocks and global economic stability. Meanwhile,

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<v Speaker 1>on the cybersecurity front, Quantus faced a recent cyber attack,

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<v Speaker 1>highlighting the growing importance of immediate incident response and strategic

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<v Speaker 1>resilience in the travel sector. This comes as SCISSA, the

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<v Speaker 1>U S Cyber Security and Infrastructure Security Agency, focuses on

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<v Speaker 1>defending critical infrastructure against potential cyber threats, particularly from China.

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<v Speaker 1>Experts predict that these developments will have far reaching impacts

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<v Speaker 1>on both nations tech industries. As the US and China

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<v Speaker 1>continue to maneuver for dominance, the sticks are high and

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<v Speaker 1>the world watches CLIs. Thanks for tuning in to this

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<v Speaker 1>episode of Beijing Bites. If you want to stay updated

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<v Speaker 1>on the latest tech conflicts, be sure to subscribe to

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<v Speaker 1>our channel. This has been a quiet please production. For

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<v Speaker 1>more check out Quiet Please dot Ai