The ongoing trade conflict between the US and China has intensified as both nations prepare to impose new restrictions on semiconductor and critical mineral exports. China has announced a ban on the export of key high-tech materials, including gallium and germanium, in response to US chip sanctions, potentially costing the US billions and impacting various industries. Meanwhile, the US has exempted some Chinese firms from chip curbs, but the overall atmosphere remains fraught with tension as both countries explore retaliatory measures. Analysts are observing a shift in the global semiconductor landscape, while businesses scramble to adapt to the evolving regulations and market dynamics. As these economic sanctions escalate, the ramifications for the US defense industrial base and technology sectors are significant, prompting calls for tighter controls and strategic responses from both governments.