China has imposed sanctions on 10 US companies, escalating a tit-for-tat trade and defense dispute with Washington.
The measures target firms involved in defense and rare earths mining, marking a direct response to the PRC's perception of US restrictions on exports to American defense firms.
The list includes Oshkosh Defense, a manufacturer of military vehicles, alongside other entities in the critical minerals supply chain.
The move signals a deepening of the strategic rivalry between the two economic powers.
By targeting rare earths mining, Beijing is leveraging its dominance in the processing of critical minerals essential for defense and technology sectors.
This creates immediate supply-chain uncertainty for US defense contractors and tech manufacturers reliant on Chinese inputs.