One good early outcome of President Donald Trump’s trade war with China is a wakeup call regarding unacceptable consequences of Beijing’s weaponization of America’s dependence on rare earth minerals critical to advance military technologies and domestic industries including electric vehicles.
As reported in The New York Times, China has already perhaps temporarily suspended exports of rare earths and magnets used by auto manufacturers, military contractors, and others in retaliation for Trump’s April 2 145% tariffs on many of their exports.
Two days later, China retaliated by placing 125% tariffs on many U.S. imports.
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