China's decision to restrict exports of a range of rare earths and magnets has tripped up the supply chains central to automakers and aerospace manufacturers.

Automotive industry groups are increasingly worried about a rare earth shortage.

Yahoo Finance is chronicling the latest news and updates on Trump's tariffs.

The US and EU auto industries are running out of essential magnets.

Beijing has approved more export licenses for the critical minerals and magnets in recent days, but supplies remain scarce and factories in the West are running out.

China's decision to restrict exports of a range of rare earths and magnets has tripped up the supply chains central to automakers and aerospace manufacturers.

China appears to have offered U.S. and European auto giants something of a reprieve over a rare earth shortage.