Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.
Trump’s announcement is tied to Beijing ramping up export controls on its critical rare earths, which are needed to produce many electronics. As a result, Trump appeared to call off a meeting with Chinese President Xi Jinping that was scheduled for later this month in South Korea.
Just don’t trade with USA, problem solved. Figure out other trading partners and let them cry about it.
That’s what China is doing on the one hand. On the other, it’s got a gun to our head on rare earth metals. Good job Trumpo. These deals are not likely to come back to us, but we are going to have to capitulate to them because we have no other sources.
If only there was a trader partner rich on rare earth metals, right beside the usa… And if only USA hadn’t burnt their relation…
I don’t think I want my country dug up and polluted so the world’s greatest war monger can build better baby-seeking missiles or hospital-buster drones. Fuck em.
This is why he does that 51st state bullshit