Are the signs of economic stagnation starting and what are the consequences?
The situation escalates between the American and the dragon!
The trade war initiated by President Donald Trump is spiraling out of control. China announced a new and serious decision today, April 14.
We have warned before
▪️ China halts its exports of a wide range of minerals and rare earth magnets, threatening to choke off the supply of essential components for automotive, aerospace, semiconductor, and military contractor companies.
▪️ The Chinese stance is part of Beijing's response to the sharp increase in tariffs imposed by U.S. President Donald Trump, which began on April 2.
▪️ On April 4, the Chinese government imposed restrictions on the export of six heavy rare earth metals, which are fully refined in China, in addition to rare earth magnets, 90% of which are produced in China.
▪️ As a result, these metals and the special magnets made from them can now only be shipped out of China with special export licenses.
™️ It seems that American industries will hit a wall and President Donald Trump's decisions are facing strong criticism.