Scott Bessant has been pushed to the wall and has no more cards to play. The next couple of weeks will see a total collapse of supply chains and empty retail stores facing the USA consumers. Bessant still thinks Xi will have to call Trump to talk. The silence of Xi so far is causing Trump and his administration much misery, desperation and hair tearing.
To quote Robert Di Niro, playing the role of Al Capone in the untouchables warning his nemesis - 'You mess with me, and I will mess with you'
Anonymous
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What Trump's tariffs is doing is already a blatant move to curtail world trade on purpose, pure and simple, yet Scott Bessant is accusing China of attempting to do that by stopping its export of rare earth, mainly to the USA. Does Scott Bessant care to look into the mirror before throwing stones from his glass tower? Perhaps he is afraid to look at his almost crying stance in the mirror when lying about how to deal with China.
China has to look after its own interest first, by reserving all the rare earth elements for itself rather than selling it to enemies for making weapons to target and destroy China. Isn't that a logical answer? If the USA can demonize everything made in China as a threat to its National Security, why is China not in a position to protect its National Security as well? The USA is no longer at liberty to dictate to whoever it wants to, and China is not one to be dictated to going forward.
From observation, we can tell that the USA is critically short of rare earth elements, even having to siphon off supplies under the radar, thinking that China will continue to play the dumb guy not knowing what is happening. China is watching the USA very closely and knows where its weakness and strengths lie and always calculating its response to elicit the most damage. During Trump's first term, agriculture took center stage in China's retaliation.
This time around it will be rare earth elements. Who holds the upper hand in semiconductor war is still unclear. The chicken that lays the egg or the egg that is to hatch into the chicken, or to put it in another way who controls rare earth and who is preventing the cutting-edge tech that depends on rare earth, from falling into the other's hand.
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