China has said it will ban the export of valuable minerals to the United States, escalating the trade war between the two superpowers. The Biden administration recently tightened Chinese access to U.S.

As China responds to the latest U.S. measures by banning the export of several key minerals, one analyst warns of "a trade war that has no winners."

The crackdown on minerals used in military and high-tech industries was retaliation against recent U.S. restrictions on Chinese semiconductor exports