🤔Every now and then, there are statements and threats. Put in parentheses that Trump is one of the biggest whales in the global stock markets and knows very well how to play with the markets🤔
Former U.S. President Donald Trump warned of imposing strict tariffs on China, reaching up to 200%, if Beijing restricts its exports of rare earth magnets.
These magnets are vital for many industries, including military technology, electronics, and renewable energy. China controls about 90% of the global production of these magnets, giving it significant leverage over global supply chains.
Trump pointed out that the United States has strong pressure points against China, including airplane parts. He noted that 200 Chinese airplanes had stopped flying because the U.S. prevented them from being supplied with parts from "Boeing" due to Beijing's policies regarding magnets.
And although Trump later stated that he believes the issue "has been surpassed," and that they have "huge leverage" over China in this regard, his statements highlight the importance of these materials in the trade conflict between the two countries.
#BinanceHODLerDOLO #SOLTreasuryFundraising #MITOBinanceWalletTGE #BTCWhalesMoveToETH #FedDovishNow $BTC