Peng Shuai

China is mulling a new export ban on rare earth magnets, as the United States plans to push a sweeping set of rules, calling for over half of all passenger cars sold in the country to be electric by 2032. Are the two countries on a collision course? And as the United States works to reduce reliance on China, will efforts like these actually dig the West into deeper dependence? Some lawmakers say yes.

China is mulling a new export ban on rare earth magnets, as the United States plans to push a sweeping set of rules, calling for over half of all passenger cars sold in the country to be electric by 2032. Are the two countries on a collision course? And as the United States works to reduce reliance on China, will efforts like these actually dig the West into deeper dependence? Some lawmakers say yes.