By Duncan Smith
Former President Donald Trump was the only commander-in-chief since the U.S. formalized relations with China during Nixon’s administration to be tough with the rising Asian superpower.
Trump held the Chinese to account for their spying, their pilfering of our secrets, our technology, and our manufacturing.
But of course, Trump’s reelection was stolen from him on behalf of a man who, reportedly, can’t stay up very late and is ‘reportedly’ beholden to Beijing’s ChiComs.
And the ChiComs are already pressing their advantage.
One of the policies Trump was pursuing was moving away from American reliance on Chinese resources, and that includes rare earth minerals so vital to our technology and our defense sector.
But of course, that never happened, and now it’s too late.
China is reportedly looking into curbing the export of rare-earth minerals to the United States, which may become a new source of friction between the two countries.
China's Ministry of Industry and Information Technology in January proposed draft controls on the production and export of rare-earth minerals and provided 30 days for public comment.
During the comment period, industry executives were asked to assess how U.S. and European companies could be affected if Beijing decided to cut rare-earth exports during a bilateral dispute, the Financial Times reported, citing people involved in the discussions.
'The government wants to know if the U.S. may have trouble making F-35 fighter jets if China imposes an export ban,' a Chinese government adviser told the Financial Times.
China controls 80 percent of these minerals. China controls Biden, through his son and through other associations.
Gee, what will Xi Jinping do when push comes to shove and Beijing wants something Washington doesn’t want?
You know the answer to that.
President Trump is Breaking Down the Neck of the Federal Reserve!
He wants zero rates and QE4!
You must prepare for the financial reset