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Trump gives China one day to end retaliations or face extra 50% tariffs (arstechnica.com)

submitted 2 months ago by [email protected] to c/[email protected]

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Tech companies' worst nightmare ahead of Donald Trump's election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.

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[–] [email protected] 3 points 2 months ago (1 children)

China controls 90% of global production and refining capacity of rare earth minerals. They started investing in the 1980s.

This was going to be tough for the US even with allies by their side.

The nightmare scenario is China cuts the US off completely and the US responds with some form of military action.

[–] [email protected] 0 points 2 months ago

They started buying up the rare earth mines in South America in the late 2000s.