Trump cited export controls that China imposed on rare earths from that country. Trump also threatened to cancel his upcoming meeting with Chinese President Xi Jinping because of the dispute.
Meanwhile…a US company is making ferrite motors for EVs without any rare earths. Fine for any car except ultra high performance.
Niron Magnetics in MN.
🙄 …because that tactic has been working out so well thus far. Pretty convinced it’s the only international political strategy he knows in addition to bombs.
To be fair, the tariffs are having their intended effect. They’re working quite well for the ultra wealthy for whom they were designed. The inevitable financial fallout is a problem for the future, but it doesn’t really matter because workers and consumers will be left holding the bag as usual.
Soooo, higher taxes, got it.
Oh, no no no! This will go toward lowering taxes! (Terms and conditions may apply)
I’m convinced by this point he does not know what that word means but his people cheer when he says it.
It’s okay. The think tanks, megadoners, and PACs with their arm up his puppet sleeve definitely know how tariffs work.
“Some very strange things are happening in China!” Trump wrote in his Truth Social post.
“They are becoming very hostile, and sending letters to Countries throughout the World,
Wow, that’s crazy. What kind leader sends threatening letters to all their trade partners. Definitely not something that Dear Leader Trump would ever do.
TACO
