- cross-posted to:
- worldnews@lemmit.online
- cross-posted to:
- worldnews@lemmit.online
Tech companies’ worst nightmare ahead of Donald Trump’s election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.
If the US hadnt just pissed off all of its allies, it might stand a chance against China, which has been preparing for this for at least 20 years
China controls 90% of global production and refining capacity of rare earth minerals. They started investing in the 1980s.
This was going to be tough for the US even with allies by their side.
The nightmare scenario is China cuts the US off completely and the US responds with some form of military action.
They started buying up the rare earth mines in South America in the late 2000s.