U.S. President Donald Trump has targeted top economic rival China with a cascade of tariff orders on billions of dollars of imported goods aimed at narrowing a wide trade deficit, bringing back lost manufacturing and crippling the fentanyl trade.

Batteries and products that rely on rare earth minerals are among the most at-risk if the trade war escalates.

US President Donald Trump’s trade war was meant to rebalance global power in the United States’ favour. Instead, China is playing the long game, enduring short-term economic pain to shape any eventual deal to its advantage.