The United States gets vital goods from China that cannot be replaced any time soon or made at home at anything less than prohibitive cost. Reducing such dependence on China may be a reason for action, but fighting the current war before doing so is a recipe for almost certain defeat, at enormous cost. Or to put it in Bessent’s terms: Washington, not Beijing, is betting all in on a losing hand.

https://www.foreignaffairs.com/united-states/trade-wars-are-easy-lose?utm_medium=newsletters&utm_source=twofa&utm_campaign=Trade Wars Are Easy to Lose&utm_content=20250411&utm_term=EWZZZ003ZX

Imagine if China, which has 60% and processes 90% of ALL 17 rare earth elements, banned their export to the rest of the world until the US backs down!

Trump knows we have an ace in the hole with American exceptionalism!

 

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