00:00China just hit America where it hurts most, technology and jobs.
00:04Factories are slowing down.
00:07Production lines are stopping.
00:08Workers are already feeling the impact.
00:11Earlier this year, China suspended rare earth exports and blocked key semiconductor access.
00:17That instantly shocked industries across the United States.
00:20Electric vehicle companies suddenly struggled to get the magnets needed for EV motors.
00:26Some auto plants were forced to slow production because critical parts were missing.
00:30Defense companies also raised alarms over shortages in missile systems and fighter jet components.
00:36And the biggest problem?
00:38America cannot replace these supplies quickly.
00:41China controls most of the world's rare earth processing capacity.
00:46Building new facilities could take years and cost billions of dollars.
00:51Economists now warn the damage could reach up to $150 billion.
00:55World leaders are talking.
00:57But for American workers, the crisis is already here.
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