China has halted exports of critical minerals and magnets needed to make everything from cars, drones, missiles and semiconductors amid an escalating trade war between the world’s two biggest economies, according to a report.

Tariff exemptions on cell phones and other electronic devices are only temporary, Commerce Secretary Howard Lutnick said Sunday, adding to an already confusing situation around the United States' economic policy.

Trump announced a 90-day pause on a host of global tariffs he had planned, but increased levies on Chinese imports to 145%. "We urge the US to take a big step to correct its mistakes, completely cancel the wrong practice of 'reciprocal tariffs' and return to the right path of mutual respect,

China on Sunday called on the United States to "completely cancel" its reciprocal tariffs after Washington announced exemptions for consumer electronics and key chipmaking equipment.

The 145% tariff from the U.S. and the retaliatory 125% tariff from China are putting businesses doing trade between the U.S. and China on edge

Key Chinese trade hubs are beginning to show early signs of disruption as the US-China tariff war intensifies, according to news reports. Major export provinces and shipping ports, including Shanghai and Guangdong,