China Trade War Flares Up

Get your Christmas toys now before prices rise with the flames, or you may have to settle for egg fooey in your stocking.

Global trade wars: China turns up the heat
China was accused of cutting off exports to Japan earlier this month. Now, some industry executives say that imports to the United States appear to have halted this week.

Around 97% of rare earth products produced in 2009 came from China, according to the U.S. Geological Survey. And there are some indications that the Chinese are turning off the spigot to the rest of the world too.