It was clear in the immediate aftermath of the “Liberation Day” tariffs that it would unravel for the U.S. May stock in May 👉🏼 open.substack.com/pub/warwic…

Who would ever give money to that parasite, Bloomberg?

Also, China successfully threatened to enforce international sanctions taking a leaf from the USA habit of imposing its laws on everybody. It was the first time, this is a shattered taboo.

Trump’s “I’ve got the cards” morphed into “I’ve got the scraps” as China’s mineral edge rewrote the rules.

China was built up by American politicians, their trade agreements and offshore production. Profitable for a short period of time for US companies, it created a communist monster to devour us. Shockingly, the word “communist” did not stop anybody then.

Yep! Pricing the club for China finito

Evil wins….for the moment.

Not only RE but sales of soybeans.

Imagine if not a single country stood up to the US on Llberation day tariffs. India, self acclaimed power was among the first kiss Trump's ass and got hit with 50%. The rest just meekly submit. China played game of chickens and got TACO for lunch.

In the longer run, the US has scored an important win by using its export controls leverage to force China to back down on rare earths for the first time. The days of Chiina being able to sanction the US with impunity are over.