Following the meeting between President Joe Biden and President Xi Jinping at the Asia-Pacific Economic Cooperation event in San Francisco last month, the hopes for de-escalation in Sino-US relations seem to have fallen apart after China announced export controls on rare-earths technologies.

https://www.zerohedge.com/geopolitical/beijing-imposes-export-controls-rare-earth-processing-tech-mineral-war-us-heats