China seized mines and built factories. Japan took note and invested in Australia. But the United States did little despite concerns about control of supplies.

The U.S.'s only rare earths mineral mine has ceased all shipments of rare earth concentrate to China stating materials under 125% tariffs is not commercially rational.

MP Materials , which owns the only U.S. rare earths mine, said on Thursday it has stopped shipping the critical minerals to China for processing after Beijing boosted import tariffs to 125% in response to U.

Nvidia CEO Jensen Huang visited China on Thursday as the executive behind high-powered artificial-intelligence chips seeks to navigate the trade war between the U.S. and China.

Nvidia CEO Jensen Huang arrived in Beijing on Thursday, said Yuyuan Tantian, a social media account associated with Chinese state broadcaster CCTV. Huang arrives at a time when the United States has put new restrictions on China-bound shipments of H20 datacentre GPUs,

Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country.