Former President Trump spotlighted America’s heavy reliance on China for rare earth minerals and announced plans to skyrocket tariffs on Chinese goods to 55%, intensifying the trade battle, according to AP News
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Former President Trump unveiled a bold new strategy: securing magnets and rare earth minerals from China while simultaneously slapping tariffs on Chinese goods at a staggering 55%. This move signals a daring and complex shift in the US trade policy and supply chain approach
The ongoing US trade war may lead to a significant shift in global trade dynamics, as experts suggest Chinese goods could increasingly find their way into European markets. This trend could reshape supply chains and impact economies on both sides of the Atlantic.