The move escalates supply chain warfare and comes a day after the Biden administration expanded curbs on the sale of advanced American technology to China.

China issued a ban Tuesday on exporting to the U.S. critical rare earth minerals for semiconductors, infrared, fiber optics and military explosives.

China announced Tuesday that it was banning the export of certain rare minerals to the U.S. that have military and technological applications. Why it matters: The move is seemingly a tit-for-tat response to the Biden administration's announcement Monday of a slate of export controls on chip manufacturing equipment and software as well as other curbs on the Chinese chip industry.