China strikes back at Trump with 34 percent tariff — bans rare earth exports to the U.S.
https://www.tomshardware.com/tech-industry/china-strikes-back-on-trump-tariffs-bans-rare-earth-exports-to-the-u-s
China strikes back at Trump with 34 percent tariff — bans rare earth exports to the U.S.
https://www.tomshardware.com/tech-industry/china-strikes-back-on-trump-tariffs-bans-rare-earth-exports-to-the-u-s
29 comments
Good, make it hurt. It’s the only way these redhats will learn
This will be a huge hit to the soybean farmers in the us.
When you elect a felon with a bad business record what did you expect? Kamala called this catastrophe and we didn’t listen.
Once China makes new contracts with someone else, they won’t be coming back.
I feel like the export ban will be a bigger deal than the counter-tariff, depending on broadly they apply that to US subsidiaries and partners.
It’s gonna get so bad
Trump Recession 2.0, GOP has caused 10 of last 11 recessions we’ve had since the 1950s. They are terrible for the economy.
China is not selling tik Tok to the US
Seize control of key government infrastructure, forcefully eject the country from global trade, isolate, consolidate, and rule forever.
When they said they were winning, they weren’t lying. It’s just their end goal isn’t the same as ours.
Rare earth exports is a huge problem for the USA. Until they strip mine the ocean floor
Canadian farmers rubbing their hands together.
Nice job, Trumpy…
Way to kill the world economy. Make everyone play chicken.
Hope you all like soybeans.
Literally everything comes from China. There is no way this doesn’t decimate the US. Chinas can definitely hold their own in regards to supplies where as the US definitely can’t. Good luck
This presidency is what will solidify China as the global superpower. The United States forfeited nearly all of its soft power
I’m getting fucked over because of an absolute moron I didn’t vote for, great
As an American, this is really bad. It’s bad for the rest of the world, but the rest of the world hasnt burned all its bridges. Between Ukraine and the economy, trump is doing a terrible job.
This is why Trump wanted that Ukraine agreement so bad. 100% his analysts saw this coming or at the very least expected it.
“China is panicking!!” uh… I dont think they are?
We are witnessing the fall of Rome in realime.
**Sir Trump and the Tariff Decree**
Sir Trump declared with a mighty cheer,
“No more cheap goods from far and near!
A tax on steel! On wine! On cheese!
We’ll bring the world right to its knees!”
The merchants gasped, the farmers cried,
As soybeans sat and deals all died.
He wagged his sword at China’s gate—
“Trade wars are fun! Just watch me inflate.”
The lords all grumbled, trade did stall,
But Trump just built another wall.
And though the tariffs came and went,
His tweets remain—our punishment.
So much winning
“The Ministry of Commerce for the People’s Republic of China is sanctioning the following materials: samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium. Although these resources aren’t widely known to the public, they’re crucial for producing some of our most advanced technologies. For example, some of these materials are used in the magnets found in the motors of electric vehicles, while others are used for creating superconductors. Some are also used in storage media to improve efficiency and performance, and several more are found in nuclear reactors.”
China banning rare earth’s is a super big deal
Rare earth minerals are crucial for the US military hardware. If Trump is gearing up for war with China, this was a very silly move to make.
US is cooked and served with fried rice and spring rolls.
So now Trump is force to go to war with Denmark over Greenland, or make a deal with Ukraine …. this cannot end well, because making a deal with Ukraine would be admitting he was wrong all along.
I guarantee Australia knew this was coming when they offered the US a critical mineral deal recently…..which the US promptly rejected at the time.
If you voted for this, fuck you.
Not only did they hit back with retaliatory tariffs but they banned us from the resources we would need to manufacture items in the US. Pretty smart.
The US is going to get hurt pretty badly in all of this-once the ROW shores up their trade amongst themselves, they’re all going to be successful while the bully-country stagnates and falters. And since we instigated all of this, even *when* we get administration that wants to try and repair the damage, they’re going to be in for years and years worth of work…just to get to lower levels of trust and success than we started with.
When the world starts rooting for China, you know you fucked up somewhere along the way…
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