New York Times (October 16)
China is trying “to beat U.S. at its own game” by imposing rare earth restrictions. “Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized.” This new thrust was in some way catalyzed by “Mr. Trump’s aggressive actions — including new fees for Chinese-owned ships that dock at U.S. ports.” Some analysts believe that “with its dominance over the production of these rare earth minerals and its control of other strategic industries, China may have an even greater ability than the United States to weaponize supply chains.”
Tags: Aggressive actions, Analysts, Beat, China, Dominance, Fees, Imposing, Ports, Rare earth, Restrictions, Ships, Supply chains, Technology controls, Trump, U.S., Weaponize
Barrons (June 12)
“Imposing the tariffs “is really a Trumpian power grab…and so far there’s been no objection from the Congress and no lawsuits filed. Trump is imposing these tariffs because he feels he can get away with imposing them and they play to his base who really long for an economic dictator to run things. If nobody objects then he will claim even more powers over the economy.”
