Dow Flails After ‘Devastating’ Beijing Bombshell Pummels Trump
Stocks plunged after Beijing revealed the ace up its sleeve in the rapidly escalating conflict with the United States: rare earths.
An editorial in the China’s People’s Daily – the Communist Party’s official newspaper – called for Beijing to drastically reduce exports of rare earths, which are vital to key industrial sectors including defense, energy, and automobile manufacturing.
Around 80% of all US rare earths imports come from China, and they’re crucial for producing everything from nuclear batteries to smartphones.
All China has to do to beat the US in any war is just cut the US off from all imports and rare earth minerals.
The US would have to surrender without firing a shot.