U.S.-China competition deepening on rare earths, biotech and shipbuilding

The ongoing competition between the U.S. and China is intensifying, particularly in sectors like rare earths, biotech, and shipbuilding. Recent restrictions imposed by China on rare earth mineral exports are raising concerns among U.S. lawmakers, including Senator Todd Young, who warns that these measures could significantly harm the U.S. defense industry. This situation is critical as it highlights the vulnerabilities in America's supply chains and the potential risks to national security, making it a pivotal issue for policymakers.